{"id":645581,"date":"2017-07-25T04:05:48","date_gmt":"2017-07-25T04:05:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/"},"modified":"2017-07-25T04:05:48","modified_gmt":"2017-07-25T04:05:48","slug":"three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/","title":{"rendered":"Three exchanges said to be in the running as gov\u2019t eyes GDR or dual listing for Enppi"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>IPO WATCH-<\/strong> The government is still deciding which foreign stock exchange will land a piece of its planned IPO of petroleum services outfit Enppi, <a href=\"https:\/\/alborsanews.com\/2017\/07\/24\/1039386\">a source tells Al Borsa<\/a>. The LSE, Nasdaq Dubai and Euronext Amsterdam are all in the running, it seems. NI Capital, the government\u2019s investment bank and shot-caller on the transaction, says the three markets offer ample access to liquidity and are familiar with Egyptian listings. While Enppi will be primarily an EGX listing, NI Capital is said to be mulling either a dual listing on one of those exchanges or a GDR offering as part of the transaction. The ultimate transaction size and structure won\u2019t be made until \u201ca month or two before <a href=\"https:\/\/enterprise.press\/stories\/2017\/07\/16\/banque-du-caires-ipo-limited-to-20\/\">Enppi begins trading on the EGX<\/a>,\u201d the source adds. Enppi is set to be the first company to list on the EGX under the Egyptian government\u2019s IPO program; the state is reportedly looking to raise USD 213-267 mn from the sale of a 24% stake. <strong>CI Capital<\/strong>, <strong>Jefferies<\/strong> and <strong>Emirates NBD Capital<\/strong> will be serving as lead managers and bookrunners, while <strong>Baker McKenzie<\/strong> are legal advisors (though it\u2019s not yet clear whether they\u2019re advising the issuer or the lead managers).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>IPO WATCH- The government is still deciding which foreign stock exchange will land a piece of its planned IPO of petroleum services outfit Enppi, a source tells Al Borsa. The LSE, Nasdaq Dubai and Euronext Amsterdam are all in the running, it seems. NI Capital, the government\u2019s investment bank and shot-caller on the transaction, says [&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-645581","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"80dff86a-bbfe-417e-8034-45c8b1b1e035","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645574],"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>Three exchanges said to be in the running as gov\u2019t eyes GDR or dual listing for Enppi - 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\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three exchanges said to be in the running as gov\u2019t eyes GDR or dual listing for Enppi\" \/>\n<meta property=\"og:description\" content=\"IPO WATCH- The government is still deciding which foreign stock exchange will land a piece of its planned IPO of petroleum services outfit Enppi, a source tells Al Borsa. The LSE, Nasdaq Dubai and Euronext Amsterdam are all in the running, it seems. NI Capital, the government\u2019s investment bank and shot-caller on the transaction, says [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-25T04:05:48+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\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Three exchanges said to be in the running as gov\u2019t eyes GDR or dual listing for Enppi\",\"datePublished\":\"2017-07-25T04:05:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\"},\"wordCount\":219,\"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\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/three-exchanges-said-to-be-in-the-running-as-govt-eyes-gdr-or-dual-listing-for-enppi\/\",\"name\":\"Three exchanges said to be in the running as gov\u2019t eyes GDR or dual listing for Enppi - 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The Oil Ministry confirmed over the weekend that\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":647307,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/ni-capital-looking-for-global-coordinators-for-enppi-ipo\/","url_meta":{"origin":645581,"position":1},"title":"NI Capital looking for global coordinators for Enppi IPO","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"IPO WATCH- NI Capital has invited investment banks to pitch for the global coordinator\u2019s gig on the potential IPO of state-owned petroleum and petrochemicals EPC contractor Enppi, according to Al Masry Al Youm. This is the first phase of listing Enppi on the EGX, NI Capital CEO Ashraf El Ghazaly\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":650659,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/29\/enppi-takes-first-steps-towards-listing-on-the-egx\/","url_meta":{"origin":645581,"position":2},"title":"Enppi takes first steps towards listing on the EGX","author":"enterpriseam admin","date":"29 March 2017","format":false,"excerpt":"IPO Watch- The Oil Ministry has greenlit the beginning of the process to offer up to 24% of state-owned oil and gas engineering contractor Enppi on the EGX, according to Al Masry Al Youm. The next step now is for issuance manager NI Capital to arrange the company\u2019s fair value\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":641500,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/25\/ministerial-committee-overseeing-state-ipo-program-discusses-enppis-listing\/","url_meta":{"origin":645581,"position":3},"title":"Ministerial committee overseeing state IPO program discusses Enppi\u2019s listing","author":"enterpriseam admin","date":"25 September 2017","format":false,"excerpt":"IPO WATCH- The cabinet committee overseeing a program to IPO state-owned companies discussed \u201ctaking the necessary steps\u201d to move ahead with the planned listing of petroleum services outfit Enppi during its first meeting yesterday, Investment Minister Sahar Nasr said, Ahram Gate reports. Nasr and the ministers of finance, oil, and\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":644756,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/countrys-four-largest-law-firms-compete-for-role-of-legal-advisor-in-enppi-ipo\/","url_meta":{"origin":645581,"position":4},"title":"Country\u2019s four largest law firms compete for role of legal advisor in Enppi IPO","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"IPO WATCH- Four of the country\u2019s most prominent law firms are reportedly bidding for the role of legal advisor on the listing of state-owned Enppi on the EGX, sources with knowledge of the matter tell Al Borsa. The list of suitors includes Baker and Mckenzie, Matouk Bassiouny, Zaki Hashem and\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":646539,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/enppi-to-list-before-end-of-year\/","url_meta":{"origin":645581,"position":5},"title":"Enppi to list before end of year?","author":"enterpriseam admin","date":"18 June 2017","format":false,"excerpt":"IPO WATCH- NI Capital expects Enppi will list on the EGX before the end of 2017, Reuters reports. It expects to raise between USD 100-150 mn from the offering. NI Capital, the government\u2019s investment bank and coordinator of the program to offer via IPO stakes in select state-owned companies, says\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\/645581","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=645581"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/645581\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/645574"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=645581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=645581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=645581"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=645581"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=645581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}