{"id":645092,"date":"2017-07-11T04:32:57","date_gmt":"2017-07-11T04:32:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/"},"modified":"2017-07-11T04:32:57","modified_gmt":"2017-07-11T04:32:57","slug":"icon-management-makes-mandatory-offer-to-acquire-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/","title":{"rendered":"ICON management makes mandatory offer to acquire company"},"content":{"rendered":"<p>Industrial Engineering Company for Construction and Development\u2019s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a mandatory tender offer to acquire the remaining 46.7% shares of the company and has sent the Egyptian Financial Supervisory Authority (EFSA) the offer for approval, the company said in <a href=\"http:\/\/www.egx.com.eg\/downloads\/Bulletins\/204963_1.pdf\">a bourse filing<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Industrial Engineering Company for Construction and Development\u2019s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a mandatory tender offer to acquire the remaining 46.7% shares of the company and has sent the Egyptian Financial Supervisory Authority (EFSA) the offer for approval, the company said in a bourse filing.<\/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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645092","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"26ed2e52-bab5-4ebf-94e1-3ad8744ad680","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645055],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ICON management makes mandatory offer to acquire company - 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\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICON management makes mandatory offer to acquire company\" \/>\n<meta property=\"og:description\" content=\"Industrial Engineering Company for Construction and Development\u2019s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a mandatory tender offer to acquire the remaining 46.7% shares of the company and has sent the Egyptian Financial Supervisory Authority (EFSA) the offer for approval, the company said in a bourse filing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-11T04:32:57+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\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ICON management makes mandatory offer to acquire company\",\"datePublished\":\"2017-07-11T04:32:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\"},\"wordCount\":60,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\",\"name\":\"ICON management makes mandatory offer to acquire company - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-11T04:32:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"ICON management makes mandatory offer to acquire company\"}]},{\"@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":"ICON management makes mandatory offer to acquire company - 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\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/","og_locale":"en_US","og_type":"article","og_title":"ICON management makes mandatory offer to acquire company","og_description":"Industrial Engineering Company for Construction and Development\u2019s (ICON) management, headed by chairman Arafat Mohamed Maged appears to have made a mandatory tender offer to acquire the remaining 46.7% shares of the company and has sent the Egyptian Financial Supervisory Authority (EFSA) the offer for approval, the company said in a bourse filing.","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-07-11T04:32:57+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\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"ICON management makes mandatory offer to acquire company","datePublished":"2017-07-11T04:32:57+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/"},"wordCount":60,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["BANKING + FINANCE","EnterpriseAM"],"articleSection":["Banking + Finance"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/","name":"ICON management makes mandatory offer to acquire company - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-07-11T04:32:57+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/11\/icon-management-makes-mandatory-offer-to-acquire-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"ICON management makes mandatory offer to acquire company"}]},{"@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":642387,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/13\/efsa-approves-mto-by-arafat-sakr-to-acquire-icon\/","url_meta":{"origin":645092,"position":0},"title":"EFSA approves MTO by Arafat Sakr to acquire ICON","author":"enterpriseam admin","date":"13 August 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Arafat Sakr to acquire the remaining 46.5% shares of Industrial Engineering Company for Construction and Development (ICON), according to a bourse filing. As we noted last month, Sakr serves as ICON\u2019s chairman.","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597423,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/25\/gth-board-approves-grant-thornton-valuation-report\/","url_meta":{"origin":645092,"position":1},"title":"GTH board approves Grant Thornton valuation report","author":"enterpriseam admin","date":"25 July 2019","format":false,"excerpt":"Global Telecom Holding\u2019s (GTH) board has approved the updated valuation report prepared by independent financial advisor Grant Thornton in relation to Veon\u2019s bid to acquire GTH\u2019s operating assets and the mandatory tender offer (MTO), the company said in a bourse filing (pdf). The report valued GTH at EGP 4.93 per\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645311,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/consortium-of-investors-make-mandatory-tender-offer-for-bitumode\/","url_meta":{"origin":645092,"position":2},"title":"Consortium of investors make mandatory tender offer for Bitumode","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"A consortium of investors is making a mandatory tender offer for the remaining 34% of the Modern Company For Waterproofing (Bitumode), according to a filing by the Egyptian Financial Supervisory Authority (pdf).","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575480,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/15\/suez-mto-for-100-of-tourah-cement-kicks-off-today\/","url_meta":{"origin":645092,"position":3},"title":"Suez MTO for 100% of Tourah Cement kicks off today","author":"enterpriseam admin","date":"15 October 2020","format":false,"excerpt":"Shareholders in Portland Tourah Cement Company (Tourah Cement) will be able to subscribe to a mandatory tender offer by parent company Suez Cement starting today, the EGX said. The offer, which targets 20.075 mn shares at EGP 7.12 apiece, will expire on 19 November. Subscribed shares will then be transferred\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":650123,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/16\/efsa-exempts-otmt-acquisition-americana-group-from-presenting-mandatory-tender-offers-on-their-acquisitions\/","url_meta":{"origin":645092,"position":4},"title":"EFSA exempts OTMT Acquisition, Americana Group from presenting mandatory tender offers on their acquisitions","author":"enterpriseam admin","date":"16 March 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has exempted OTMT Acquisition from the requirement to launch a mandatory tender offer to acquire 51.66% of the shares of OTMT in the context of the demerger of Orascom Telecom executed in February 2012. The regulatory filing by OTMT also notes that EFSA approved\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":566440,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/20\/compass-capital-makes-mto-on-anfi\/","url_meta":{"origin":645092,"position":5},"title":"Compass Capital makes MTO on ANFI","author":"enterpriseam admin","date":"20 June 2021","format":false,"excerpt":"Private equity firm Compass Capital has submitted a mandatory tender offer to acquire up to 100% of Alexandria National Company for Financial Investments (ANFI) for EGP 5.72 per share, according to a statement (pdf) by the Financial Regulatory Authority (FRA), making official reports we\u2019ve been seeing in the local press\u2026","rel":"","context":"In &quot;SPEED ROUND: M&amp;A WATCH&quot;","block_context":{"text":"SPEED ROUND: M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-ma-watch\/"},"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\/645092","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=645092"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645092\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645055"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645092"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645092"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645092"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645092"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645092"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}