{"id":645640,"date":"2017-07-26T04:14:01","date_gmt":"2017-07-26T04:14:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/adm-enters-the-fray-to-buy-ncmp\/"},"modified":"2017-07-26T04:14:01","modified_gmt":"2017-07-26T04:14:01","slug":"adm-enters-the-fray-to-buy-ncmp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/26\/adm-enters-the-fray-to-buy-ncmp\/","title":{"rendered":"ADM enters the fray to buy NCMP"},"content":{"rendered":"

<\/a> M&A WATCH- <\/strong>Swiss firm Archer Daniels Midland<\/strong> (ADM) will bid for another food company in Egypt after the winner of the bidding war for National Company for Maize Products <\/strong>is made clear,according to Al Borsa<\/a>. We had previously covered the ongoing contest for NCMP<\/a>, and now it looks like the firm is looking to expand even further into Egypt. ADM intends on announcing the investment in the second half of this year, the newspaper suggests. The company is being aggressive with its Egypt strategy with the unannounced acquisition being the third such investment after NCMP and their 50% stake in Medsofts. Pharos Holding is sell-side advisor to NCMP owner Misr Capital Investment, while Al Tamimi & Co. is legal advisor.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- Swiss firm Archer Daniels Midland (ADM) will bid for another food company in Egypt after the winner of the bidding war for National Company for Maize Products is made clear,according to Al Borsa. We had previously covered the ongoing contest for NCMP, and now it looks like the firm is looking to expand […]<\/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-645640","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"db271473-dfa5-4f9f-88c1-658b182ae22e","order":"0","is_powered_by":true,"section_story_id":"854bf10d-3c0a-4883-ae11-b72afe6f8b1d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645632],"teaser":"","voice_url":""},"yoast_head":"\nADM enters the fray to buy NCMP - 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\/26\/adm-enters-the-fray-to-buy-ncmp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADM enters the fray to buy NCMP\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- Swiss firm Archer Daniels Midland (ADM) will bid for another food company in Egypt after the winner of the bidding war for National Company for Maize Products is made clear,according to Al Borsa. 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Sources said IFIC did not finish the due diligence process because of the bureaucracy and the length of time associated with the\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":637517,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/19\/major-ncmp-shareholders-accept-cairo-three-a-mto-adm-might-remain-in-pursuit\/","url_meta":{"origin":645640,"position":3},"title":"Major NCMP shareholders accept Cairo Three A MTO, ADM might remain in pursuit","author":"enterpriseam admin","date":"19 November 2017","format":false,"excerpt":"M&A WATCH- Major NCMP shareholders accept Cairo Three A MTO, ADM might remain in pursuit: National Company for Maize Products (NCMP) shareholders Misr Capital Investments and National Bank of Egypt have accepted Cairo Three A\u2019s mandatory tender offer to acquire their stakes in the company at EGP 51 per share,\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":648224,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/adm-makes-mandatory-tender-offer-for-sweetener-and-starch-maker-ncmp-as-the-years-hottest-bidding-war-continues\/","url_meta":{"origin":645640,"position":4},"title":"ADM makes mandatory tender offer for sweetener- and starch-maker NCMP as the year\u2019s hottest bidding war continues","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"M&A WATCH- Archer Daniels Midland (ADM)\u2019s Swiss unit has made a mandatory tender offer for controlling interest in Egyptian sweetener- and starch-maker National Company for Maize Products (NCMP), Arab Finance reports. ADM is looking to acquire anywhere between 51-100% of NCMP at EGP 35 per share. ADM has filed a\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":646536,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/18\/ekh-subsidiary-expected-to-submit-mto-for-ncmp-this-week\/","url_meta":{"origin":645640,"position":5},"title":"EKH subsidiary expected to submit MTO for NCMP this week","author":"enterpriseam admin","date":"18 June 2017","format":false,"excerpt":"M&A WATCH- The bidding war for National Company for Maize Products (NCMP) looks to intensify this week amid expectations of a mandatory tender offer by EK Holding subsidiary International Financial Investments Company (IFIC) for the maker of sweeteners and food additives. 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