{"id":645124,"date":"2017-07-12T04:16:52","date_gmt":"2017-07-12T04:16:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/"},"modified":"2017-07-12T04:16:52","modified_gmt":"2017-07-12T04:16:52","slug":"efsa-approved-nad-acquisition-of-egypco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/","title":{"rendered":"EFSA approved NAD acquisition of Egypco"},"content":{"rendered":"<p><strong>M&A Watch-<\/strong> The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Saudi outfit NAD Development & Investment Company to acquire the remaining to acquire 100% of Egypt for Poultry (Egypco) at a share price of EGP 2.57, <a href=\"https:\/\/enterprise.press\/wp-content\/uploads\/2017\/07\/\u0627\u0644\u062f\u0648\u0627\u062c\u0646.pdf\">according to an EFSA notice<\/a>. NAD, which already owns a 38% stake in the company, is estimated to pay c.EGP 75 mn for the remaining 62%. NAD is chaired by Nawaf Abdullah bin Dayel, who had <a href=\"https:\/\/enterprise.press\/stories\/2017\/03\/27\/nad-development-seeks-100-of-egypcos-shares\/\">reportedly invested in three Egyptian agrifood companies<\/a> between May 2011 and 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A Watch- The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Saudi outfit NAD Development &#038; Investment Company to acquire the remaining to acquire 100% of Egypt for Poultry (Egypco) at a share price of EGP 2.57, according to an EFSA notice. NAD, which already owns a 38% stake in the [&hellip;]<\/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-645124","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a873c58e-8846-44cf-80f1-a8ce3abb0230","order":"0","is_powered_by":true,"section_story_id":"ab2e0559-a55f-4ced-bca1-fbeffb04bf6b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645111],"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>EFSA approved NAD acquisition of Egypco - 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\/12\/efsa-approved-nad-acquisition-of-egypco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EFSA approved NAD acquisition of Egypco\" \/>\n<meta property=\"og:description\" content=\"M&amp;A Watch- The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Saudi outfit NAD Development &amp; Investment Company to acquire the remaining to acquire 100% of Egypt for Poultry (Egypco) at a share price of EGP 2.57, according to an EFSA notice. NAD, which already owns a 38% stake in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-12T04:16:52+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\/12\/efsa-approved-nad-acquisition-of-egypco\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EFSA approved NAD acquisition of Egypco\",\"datePublished\":\"2017-07-12T04:16:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\"},\"wordCount\":89,\"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\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\",\"name\":\"EFSA approved NAD acquisition of Egypco - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-12T04:16:52+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EFSA approved NAD acquisition of Egypco\"}]},{\"@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":"EFSA approved NAD acquisition of Egypco - 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\/12\/efsa-approved-nad-acquisition-of-egypco\/","og_locale":"en_US","og_type":"article","og_title":"EFSA approved NAD acquisition of Egypco","og_description":"M&A Watch- The Egyptian Financial Supervisory Authority (EFSA) has approved a mandatory tender offer by Saudi outfit NAD Development & Investment Company to acquire the remaining to acquire 100% of Egypt for Poultry (Egypco) at a share price of EGP 2.57, according to an EFSA notice. NAD, which already owns a 38% stake in the [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-07-12T04:16:52+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\/12\/efsa-approved-nad-acquisition-of-egypco\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EFSA approved NAD acquisition of Egypco","datePublished":"2017-07-12T04:16:52+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/"},"wordCount":89,"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\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/","name":"EFSA approved NAD acquisition of Egypco - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-07-12T04:16:52+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/12\/efsa-approved-nad-acquisition-of-egypco\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EFSA approved NAD acquisition of Egypco"}]},{"@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":645124,"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":643062,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/nib-shelves-plans-to-acquire-nilesat-stake\/","url_meta":{"origin":645124,"position":1},"title":"NIB shelves plans to acquire Nilesat stake","author":"enterpriseam admin","date":"29 August 2017","format":false,"excerpt":"M&A WATCH- Government-owned National Investment Bank (NIB) has decided to shelve plans to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), Al Mal reports, citing unnamed sources. NIB\u2019s decision followed The National Media Authority (NMA)\u2019s objection to the transaction last month. Source say NIB had acted unilaterally on\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":650544,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/nad-development-seeks-100-of-egypcos-shares\/","url_meta":{"origin":645124,"position":2},"title":"NAD Development seeks 100% of Egypco\u2019s shares","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"M&A Watch- A Saudi outfit called NAD Development & Investment Company said it is presenting an offer to acquire 100% of the shares of Egypt for Poultry (Egypco), according to a bourse filing. NAD, which is chaired by Nawaf Abdullah bin Dayel, is offering to buy all of the shares\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":645642,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/efsa-exempts-nib-from-mto-of-40-06-stake-in-nilesat\/","url_meta":{"origin":645124,"position":3},"title":"EFSA exempts NIB from MTO of 40.06% stake in Nilesat","author":"enterpriseam admin","date":"26 July 2017","format":false,"excerpt":"Count this more as \u201cconsolidation of state assets\u201d than \u201cM&A\u201d- The Egyptian Financial Supervisory Authority exempted the government\u2019s National Investment Bank from presenting a mandatory tender offer after it submitted an offer to acquire a 40.06% stake in the Egyptian Satellite Company (Nilesat), according to a filing with the EGX.\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":647199,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/efsa-issues-new-regulations-for-holding-stocks-in-brokerage-firms\/","url_meta":{"origin":645124,"position":4},"title":"EFSA issues new regulations for holding stocks in brokerage firms","author":"enterpriseam admin","date":"4 May 2017","format":false,"excerpt":"The Egyptian Financial Supervisory Authority (EFSA) has issued new regulations oninvestment in brokerage firms, EFSA chief Sherif Samy announced yesterday, Al Borsa reports. Under the new policy, which Samy says complement recent amendments to the executive regulations of the Capital Markets Act, the authority must sign off on any transaction\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":636874,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/02\/efsa-planning-changes-to-regs-on-treasury-shares-mortgage-finance\/","url_meta":{"origin":645124,"position":5},"title":"EFSA planning changes to regs on treasury shares, mortgage finance","author":"enterpriseam admin","date":"2 November 2017","format":false,"excerpt":"EFSA planning changes to regs on treasury shares, mortgage finance: The Egyptian Financial Supervisory Authority (EFSA) is apparently still planning on making further changes to EGX regulations, this time with treasury stocks. EFSA is reportedly considering obliging shareholders who have acquired a stake north of 33% in a company through\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/645124","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=645124"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645124\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645111"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645124"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645124"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}