{"id":645399,"date":"2017-07-19T03:43:53","date_gmt":"2017-07-19T03:43:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/"},"modified":"2017-07-19T03:43:53","modified_gmt":"2017-07-19T03:43:53","slug":"suez-bags-receives-acquisition-offer-from-mondi-group","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/","title":{"rendered":"Suez Bags receives acquisition offer from Mondi Group"},"content":{"rendered":"

<\/a> M&A WATCH-<\/strong> Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa<\/a>. The company \u2014 a subsidiary of Suez Cement \u2014 has received two competing bids, one of which reportedly comes from international packaging and paper firm Mondi. Sources did not disclose the second bidder. The newspaper puts the size of the transaction in the neighborhood of EGP 400 mn. The Egyptian Financial Supervisory Authority has approved due diligence for both bidders, which will be completed in two months time. EFG Hermes<\/strong> is reportedly advising on transaction, but the newspaper\u2019s sources did not specify whether it is on the buy or sell side. Zaki Hashem & Partners<\/strong> has confirmed to us that it will be acting as legal adviser to Mondi Group\u2019s bid.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. The company \u2014 a subsidiary of Suez Cement \u2014 has received two competing bids, one of which reportedly comes from international packaging and paper firm Mondi. Sources did not disclose the second bidder. The newspaper puts the size […]<\/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-645399","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a8785a04-93f0-45ad-93e9-1779c6ca9b59","order":"0","is_powered_by":true,"section_story_id":"062f1b46-09b9-44c4-b5bc-09c9965951d6","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645388],"teaser":"","voice_url":""},"yoast_head":"\nSuez Bags receives acquisition offer from Mondi Group - 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\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Suez Bags receives acquisition offer from Mondi Group\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. The company \u2014 a subsidiary of Suez Cement \u2014 has received two competing bids, one of which reportedly comes from international packaging and paper firm Mondi. Sources did not disclose the second bidder. The newspaper puts the size […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-19T03:43:53+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Suez Bags receives acquisition offer from Mondi Group\",\"datePublished\":\"2017-07-19T03:43:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\"},\"wordCount\":135,\"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\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\",\"name\":\"Suez Bags receives acquisition offer from Mondi Group - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-19T03:43:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Suez Bags receives acquisition offer from Mondi Group\"}]},{\"@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":"Suez Bags receives acquisition offer from Mondi Group - 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\/19\/suez-bags-receives-acquisition-offer-from-mondi-group\/","og_locale":"en_US","og_type":"article","og_title":"Suez Bags receives acquisition offer from Mondi Group","og_description":"M&A WATCH- Suez Bags is reportedly an acquisition target, sources close to the transaction tell Al Borsa. 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The transaction, which saw Mondi acquire full ownership of the company, closed last week, the sources added. 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