{"id":642502,"date":"2017-08-15T03:46:40","date_gmt":"2017-08-15T03:46:40","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/"},"modified":"2017-08-15T03:46:40","modified_gmt":"2017-08-15T03:46:40","slug":"trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/","title":{"rendered":"Trading halted on Reacap pending Wadi Degla shareholder approval of merger"},"content":{"rendered":"

The bourse halted trading on Reacap Financial Investments\u2019 shares yesterday pending shareholder\u2019s approval of the company\u2019s merger with Wadi Degla Co., a market release said<\/a>. News of the merger was out earlier this month<\/a> and it should be completed by year-end if approvals go through.<\/p>\n","protected":false},"excerpt":{"rendered":"

The bourse halted trading on Reacap Financial Investments\u2019 shares yesterday pending shareholder\u2019s approval of the company\u2019s merger with Wadi Degla Co., a market release said. News of the merger was out earlier this month and it should be completed by year-end if approvals go through.<\/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":[9304],"tags":[72,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642502","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-enterpriseam","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"cd2a480e-fa49-4974-b680-ca7aabaa63d1","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642462],"teaser":"","voice_url":""},"yoast_head":"\nTrading halted on Reacap pending Wadi Degla shareholder approval of merger - 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\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trading halted on Reacap pending Wadi Degla shareholder approval of merger\" \/>\n<meta property=\"og:description\" content=\"The bourse halted trading on Reacap Financial Investments\u2019 shares yesterday pending shareholder\u2019s approval of the company\u2019s merger with Wadi Degla Co., a market release said. News of the merger was out earlier this month and it should be completed by year-end if approvals go through.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\" \/>\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\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Trading halted on Reacap pending Wadi Degla shareholder approval of merger\",\"datePublished\":\"2017-08-15T03:46:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\"},\"wordCount\":58,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/15\/trading-halted-on-reacap-pending-wadi-degla-shareholder-approval-of-merger\/\",\"name\":\"Trading halted on Reacap pending Wadi Degla shareholder approval of merger - 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The mall, which spans 200k sqm in the Sheraton area, includes a sporting club, gym, hypermarket, restaurants and food outlets, as well as clothing stores.","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648422,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/03\/wadi-degla-developments-launches-egp-2-bn-residential-project\/","url_meta":{"origin":642502,"position":3},"title":"Wadi Degla Developments launches EGP 2 bn residential project","author":"enterpriseam admin","date":"3 April 2017","format":false,"excerpt":"Wadi Degla Developments is launching a new EGP 2 bn residential project in Ain Sokhna, CEO Maged Helmy announced at the CityScape Egypt real estate conference yesterday, Al Mal reports. The compound will span 600k sqm, Helmy said, but did not clarify when the project is expected to be completed.\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649545,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/wadi-degla-acquires-mediterranean-contracting-company-delivers-10k-units\/","url_meta":{"origin":642502,"position":4},"title":"Wadi Degla acquires Mediterranean Contracting Company, delivers 10k units","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"Wadi Degla Developments acquired Mediterranean Contracting Company Tuesday and is targeting the execution of EGP 14 bn worth of contracting agreements by Wadi Degla Holding contracting subsidiaries in the next seven years, Chairman and CEO Maged Helmy announced in a press conference yesterday. Helmy said the company\u2019s \u201cpresence near to\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627094,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/aur-capital-wadi-degla-set-up-real-estate-private-equity-jv\/","url_meta":{"origin":642502,"position":5},"title":"Aur Capital, Wadi Degla set up real estate private equity JV","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"Aur Capital, Wadi Degla set up real estate private equity JV: A subsidiary of former Investment Minister Ashraf Salman\u2019s private equity outfit, Aur Capital, and Wadi Degla Real Estate signed yesterday an agreement to set up a real estate private equity JV, according to a joint statement (pdf). 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