{"id":645225,"date":"2017-07-16T03:58:41","date_gmt":"2017-07-16T03:58:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/banque-du-caires-ipo-limited-to-20\/"},"modified":"2017-07-16T03:58:41","modified_gmt":"2017-07-16T03:58:41","slug":"banque-du-caires-ipo-limited-to-20","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/banque-du-caires-ipo-limited-to-20\/","title":{"rendered":"Banque Du Caire\u2019s IPO limited to 20%"},"content":{"rendered":"

<\/a> IPO WATCH- It seems state-owned Banque du Caire will list no more than 20% of its shares during its upcoming initial public offering,<\/strong> according to comments by BdC Vice President Soha Suleiman picked up by Al Masry Al Youm<\/a>. If true, the report throws cold water on previous reports, which suggested<\/a> that the bank\u2019s IPO, which will be managed by EFG Hermes and HSBC, would see up to 49% of the bank\u2019s stock on offer, including an international offer to institutional investors of 29% and a domestic offer to retail investors on the EGX of 15%. Five percent would have been earmarked for trading as global depositary receipts on the London Stock Exchange.<\/p>\n

As for the IPO of petroleum services outfit Enppi, the state is expecting to net between USD 213 mn and USD 267 mn the sale of a 24% stake<\/strong>, sources close to the matter tell Al Mal<\/a>. The newspaper says the company will likely be valued in the EGP 16-20 bn range. A consortium led by CI Capital and including Jefferies and Emirates NBD Capital was tapped by the government to serve as lead managers and bookrunners<\/a> of the listing, likely to be the first IPO of a state-owned company in 12 years. Baker McKenzie will serve<\/a> as legal advisor, though it\u2019s unclear whether the firm is counsel to the issuer or to the lead managers.<\/p>\n

Finally, the IPOs of the four companies that will operate the Siemens power plants appear likely to be pushed to FY2018-19 from FY2017-18<\/strong>, the head of the Egyptian Electricity Holding Company Gaber Desouky tells Al Mal<\/a>. Last year, the government had announced that it was forming four companies to own the three combined cycle plants of Burullus, the new capital, and Beni Suef build under a contract handed to Siemens. The companies were supposed to be formed this month, according to Electricity Minister Mohamed Shaker. Siemens, Germany\u2019s Steiaj, an Orascom-ADERA Energy consortium, and an Elsewedy-EDF consortium have submitted their technical offers<\/a> for the tender to manage the plants.<\/p>\n","protected":false},"excerpt":{"rendered":"

IPO WATCH- It seems state-owned Banque du Caire will list no more than 20% of its shares during its upcoming initial public offering, according to comments by BdC Vice President Soha Suleiman picked up by Al Masry Al Youm. If true, the report throws cold water on previous reports, which suggested that the bank\u2019s IPO, […]<\/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-645225","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"829a1375-d4e3-4e83-ab3e-2e4e1cf7931e","order":"0","is_powered_by":true,"section_story_id":"9f7b5fe1-e361-4368-b3e0-0a9f9b486f05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645215],"teaser":"","voice_url":""},"yoast_head":"\nBanque Du Caire\u2019s IPO limited to 20% - 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\/16\/banque-du-caires-ipo-limited-to-20\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Banque Du Caire\u2019s IPO limited to 20%\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- It seems state-owned Banque du Caire will list no more than 20% of its shares during its upcoming initial public offering, according to comments by BdC Vice President Soha Suleiman picked up by Al Masry Al Youm. 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This was telegraphed\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\/3\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568669,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/30\/bdc-scraps-plans-for-dual-listing\/","url_meta":{"origin":645225,"position":1},"title":"BdC scraps plans for dual listing","author":"enterpriseam admin","date":"30 January 2020","format":false,"excerpt":"IPO WATCH- BdC scraps plans for dual listing: Banque du Caire (BdC) does not have plans to list on a foreign exchange and will only offer a stake on the EGX, Masrawy reported citing unnamed sources. Chairman Tarek Fayed said back in April that the bank could list on both\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":569699,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/04\/uncertainty-over-bdc-ipo-date-as-covid-19-roils-markets\/","url_meta":{"origin":645225,"position":2},"title":"Uncertainty over BdC IPO date as covid-19 roils markets","author":"enterpriseam admin","date":"4 March 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Uncertainty over BdC April IPO as covid-19 roils markets: State-owned Banque du Caire (BdC) plans to make its EGX debut in April with a USD 500 mn sale, provided that covid-19\u2019s impact on the markets doesn\u2019t stunt demand among investors, Chairman Tarek Fayed told Reuters. \u201cOur plan is\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\/3\/54.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":650245,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/govt-considers-putting-49-of-banque-du-caire-up-for-sale\/","url_meta":{"origin":645225,"position":3},"title":"Gov\u2019t considers putting 49% of Banque du Caire up for sale","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"The government is considering selling up to 49% Banque du Caire as part of the ongoing IPO process, Al Shorouk reports, citing unnamed \u201csenior banking officials.\u201d The offering will reportedly include an international offer to institutional investors (29%) and a domestic offer to retail investors on the EGX (15%), while\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":635621,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/banque-du-caire-ipo-in-3q2018-amer-says\/","url_meta":{"origin":645225,"position":4},"title":"Banque du Caire IPO in 3Q2018, Amer says","author":"enterpriseam admin","date":"10 December 2017","format":false,"excerpt":"IPO WATCH- Banque du Caire will IPO in 3Q2018, CBE Governor Tarek Amer said in a statement to the press at the Business for Africa and the World Summit on Thursday, Al Borsa reports. Amer did not provide further details on the planned IPO, which was initially expected to take\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":592829,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/07\/banque-du-caire-to-ipo-1q2020\/","url_meta":{"origin":645225,"position":5},"title":"Banque du Caire to IPO 1Q2020","author":"enterpriseam admin","date":"7 November 2019","format":false,"excerpt":"IPO WATCH- Banque du Caire to IPO 1Q2010 -Amer: Banque du Caire (BdC) will go ahead with its anticipated IPO in the first quarter of next year, Central Bank of Egypt Governor Tarek Amer said on the sidelines of a startup competition yesterday, according to Al Mal. 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