{"id":642479,"date":"2017-08-15T03:46:40","date_gmt":"2017-08-15T03:46:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/"},"modified":"2017-08-15T03:46:40","modified_gmt":"2017-08-15T03:46:40","slug":"grey-group-acquires-majority-stake-in-hug-digital","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/","title":{"rendered":"Grey Group acquires majority stake in hug digital"},"content":{"rendered":"

M&A WATCH- <\/strong>WPP subsidiary Grey Group has acquired a majority stake<\/a> in regional digital marketing agency Hug Digital<\/a>. Hug is headquartered in Dubai and has offices in Egypt and India, employing 145 full-time staff. \u201cWe are eager to take our digital expertise and knowledge of the MENA region and scale this with WPP and Grey Group. This acquisition will enable us to access resources that will expand our capabilities and accelerate our growth,\u201d Hug Chairman Oussama Jamal says. The size and value of the stake were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- WPP subsidiary Grey Group has acquired a majority stake in regional digital marketing agency Hug Digital. Hug is headquartered in Dubai and has offices in Egypt and India, employing 145 full-time staff. \u201cWe are eager to take our digital expertise and knowledge of the MENA region and scale this with WPP and Grey […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642479","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"52570a95-1625-48ce-956e-49cf23cdd79b","order":"0","is_powered_by":true,"section_story_id":"27b5866c-9679-443f-95cf-c0420ec93f25","story_type":"1","photo_url":"","photo_position":"above","related_issue":[642462],"teaser":"","voice_url":""},"yoast_head":"\nGrey Group acquires majority stake in hug digital - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grey Group acquires majority stake in hug digital\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- WPP subsidiary Grey Group has acquired a majority stake in regional digital marketing agency Hug Digital. Hug is headquartered in Dubai and has offices in Egypt and India, employing 145 full-time staff. \u201cWe are eager to take our digital expertise and knowledge of the MENA region and scale this with WPP and Grey […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-15T03:46:40+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Grey Group acquires majority stake in hug digital\",\"datePublished\":\"2017-08-15T03:46:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\",\"name\":\"Grey Group acquires majority stake in hug digital - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-08-15T03:46:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Grey Group acquires majority stake in hug digital\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Grey Group acquires majority stake in hug digital - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/","og_locale":"en_US","og_type":"article","og_title":"Grey Group acquires majority stake in hug digital","og_description":"M&A WATCH- WPP subsidiary Grey Group has acquired a majority stake in regional digital marketing agency Hug Digital. Hug is headquartered in Dubai and has offices in Egypt and India, employing 145 full-time staff. \u201cWe are eager to take our digital expertise and knowledge of the MENA region and scale this with WPP and Grey […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-08-15T03:46:40+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Grey Group acquires majority stake in hug digital","datePublished":"2017-08-15T03:46:40+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/"},"wordCount":96,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/","name":"Grey Group acquires majority stake in hug digital - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-08-15T03:46:40+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/grey-group-acquires-majority-stake-in-hug-digital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Grey Group acquires majority stake in hug digital"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":625066,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/26\/saudis-elaj-to-complete-acquisition-of-majority-stake-in-technoscan-in-november\/","url_meta":{"origin":642479,"position":0},"title":"Saudi\u2019s Elaj to complete acquisition of majority stake in TechnoScan in November","author":"enterpriseam admin","date":"26 September 2018","format":false,"excerpt":"**#5 M&A WATCH- Saudi\u2019s Elaj to complete acquisition of majority stake in TechnoScan in November: Saudi Arabia\u2019s Elaj Group expects to complete its acquisition of a 75% stake in medical diagnostic imaging chain TechnoScan by November, CEO Walid El Sayed says. Elaj is in the \u201cfinal stages\u201d of talks with\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625842,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/16\/saudis-elaj-in-advanced-talks-to-acquire-majority-stake-in-technoscan-labs\/","url_meta":{"origin":642479,"position":1},"title":"Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan labs","author":"enterpriseam admin","date":"16 August 2018","format":false,"excerpt":"M&A WATCH- Saudi\u2019s Elaj in advanced talks to acquire majority stake in TechnoScan: Saudi Arabia\u2019s Elaj Group is reportedly in advanced talks with Gulf Capital to acquire its 75% stake in medical diagnostic imaging chain TechnoScan, sources close to the matter tell Al Mal. The transaction is expected to be\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575362,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/two-investors-compete-for-majority-stake-in-bmws-egypt-agent\/","url_meta":{"origin":642479,"position":2},"title":"Two investors compete for majority stake in BMW\u2019s Egypt agent","author":"enterpriseam admin","date":"13 October 2020","format":false,"excerpt":"M&A WATCH- Rival groups are competing to acquire a majority stake in BMW\u2019s Egypt dealership, Bavarian Auto Group (BAG), sources with knowledge of the matter told Enterprise. Kuwaiti outfit Al Ghanim Group and Bavarian chairman Farid El Tobgui have both submitted bids for the 99% stake held by a group\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/123.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631773,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/27\/saudis-elaj-extends-acquisition-spree-with-stake-in-under-construction-paediatric-hospital\/","url_meta":{"origin":642479,"position":3},"title":"Saudi\u2019s Elaj extends acquisition spree with stake in under-construction paediatric hospital","author":"enterpriseam admin","date":"27 March 2018","format":false,"excerpt":"M&A WATCH- Elaj Group continues healthcare acquisition spree: Saudi Arabia\u2019s Elaj Group has acquired a majority stake in Cairo Clinic Children\u2019s Hospital in transaction worth EGP 9 mn, sources close to the matter tell Al Mal. The EGP 60 mn hospital remains stalled in the construction stage after running into\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573299,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/28\/cleopatra-group-negotiating-60-stake-in-bedaya-hospital\/","url_meta":{"origin":642479,"position":4},"title":"Cleopatra Group negotiating 60% stake in Bedaya Hospital","author":"enterpriseam admin","date":"28 July 2020","format":false,"excerpt":"M&A WATCH- Cleopatra eyes majority stake in fertility-specialist Bedaya Hospital: Cleopatra Hospital Group is in late-stage negotiations to buy a 60% stake in Bedaya Hospital, which specializes in fertility and IVF treatments, the local press reports, citing unnamed sources. The sources did not provide details on the value of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631382,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/18\/frances-vicat-group-plans-to-invest-usd-50-mn-increase-its-stake-in-sinai-cement\/","url_meta":{"origin":642479,"position":5},"title":"France\u2019s Vicat Group plans to invest USD 50 mn, increase its stake in Sinai Cement","author":"enterpriseam admin","date":"18 March 2018","format":false,"excerpt":"INVESTMENT WATCH- France\u2019s Vicat Group planning to invest USD 50 mn, increase its stake in Sinai Cement. Sinai Cement\u2019s majority shareholder, Vicat Group, is planning to invest USD 50 mn to reverse its subsidiary\u2019s losses, Managing Director Gianfranco Tantardini said, Al Borsa reported. Vicat \u2014 which acquired 40% of Sinai\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=642479"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642479\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642462"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642479"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642479"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}