{"id":642703,"date":"2017-08-21T04:04:51","date_gmt":"2017-08-21T04:04:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/ma-watch-efsa-refuses-reacap-fair-value-study\/"},"modified":"2017-08-21T04:04:51","modified_gmt":"2017-08-21T04:04:51","slug":"ma-watch-efsa-refuses-reacap-fair-value-study","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/21\/ma-watch-efsa-refuses-reacap-fair-value-study\/","title":{"rendered":"M&A WATCH: EFSA refuses Reacap fair value study"},"content":{"rendered":"

<\/a> M&A WATCH- EFSA rejects Reacap\u2019s FV report: <\/strong>The Egyptian Financial Supervisory Authority (EFSA) rejected Fincorp\u2019s fair value assessment for Naeem subsidiary Reacap in connection with its merger with Wadi Degla, claiming it falls short of Egyptian benchmarks and standards, according to an EGX filing<\/a>. EFSA is still reviewing the fair value report on Wadi Degla. The bourse had halted trading on Reacap last week<\/a> pending shareholders\u2019 approval on the merger, which would create a EGP 3.5 bn entity, of which Wadi Degla will hold 74%, with Reacap controlling the balance. Earlier reports<\/a> had said the transaction should be final by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- EFSA rejects Reacap\u2019s FV report: The Egyptian Financial Supervisory Authority (EFSA) rejected Fincorp\u2019s fair value assessment for Naeem subsidiary Reacap in connection with its merger with Wadi Degla, claiming it falls short of Egyptian benchmarks and standards, according to an EGX filing. EFSA is still reviewing the fair value report on Wadi Degla. 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EFSA is still reviewing the fair value report on Wadi Degla. 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News of the merger was out earlier this month and it should be completed by year-end if approvals go through.","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":645459,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/efsa-approves-fair-value-report-on-dbk-pharma-ahead-of-ipo\/","url_meta":{"origin":642703,"position":2},"title":"EFSA approves fair value report on DBK Pharma ahead of IPO","author":"enterpriseam admin","date":"20 July 2017","format":false,"excerpt":"IPO WATCH- The Egyptian Financial Supervisory Authority (EFSA) signed off yesterday on DBK Pharma\u2019s fair value assessment of EGP 3.1 per share ahead of the company's planned initial public offering of 35% of its shares, sources close to the matter tell Al Borsa. The report was prepared by financial consultancy\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":631327,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/15\/ebrd-looking-to-acquire-non-controlling-stake-in-wadi-degla-holding\/","url_meta":{"origin":642703,"position":3},"title":"EBRD looking to acquire non-controlling stake in Wadi Degla Holding?","author":"enterpriseam admin","date":"15 March 2018","format":false,"excerpt":"M&A WATCH- EBRD looking to acquire non-controlling stake in Wadi Degla Holding. The European Bank for Reconstruction and Development (EBRD) is looking to acquire a non-controlling stake in Wadi Degla Holding Company sometime during 1H2018, unidentified sources tell Al Borsa. Wadi Degla had reportedly been fielding offers from local investors,\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":639531,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/31\/efsa-sets-one-month-deadline-for-companies-to-ipo-after-receiving-approval\/","url_meta":{"origin":642703,"position":4},"title":"EFSA sets one month deadline for companies to IPO after receiving approval","author":"enterpriseam admin","date":"31 October 2017","format":false,"excerpt":"Companies will now have to IPO shares within one month of receiving approval to do so from the Egyptian Financial Supervisory Authority (EFSA), the authority said in a statement on Monday after amending listing regulations. Under new regulations, companies wishing to list new shares must first apply for approval from\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":627094,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/aur-capital-wadi-degla-set-up-real-estate-private-equity-jv\/","url_meta":{"origin":642703,"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). The agreement\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\/642703","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=642703"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642703\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642693"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642703"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642703"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}