{"id":648560,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"fund-buys-12-4-of-gb-autos-shares","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/","title":{"rendered":"Fund buys 12.4% of GB Auto\u2019s shares"},"content":{"rendered":"

Much ado about nothing: <\/strong>The local and international press alike are making a bit too much out of a disclosure yesterday<\/a> that N.R. Investments S\u00e0rl has bought 135.4 mn shares of GB Auto, or about 12.4% of the company. A senior company official tells us that the transaction was simply a restructuring of ownership by members of the controlling Ghabbour family. <\/strong>EFG Hermes executed the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Much ado about nothing: The local and international press alike are making a bit too much out of a disclosure yesterday that N.R. Investments S\u00e0rl has bought 135.4 mn shares of GB Auto, or about 12.4% of the company. A senior company official tells us that the transaction was simply a restructuring of ownership by […]<\/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-648560","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"854193cb-223e-4e18-8a18-d97d31447103","order":"0","is_powered_by":true,"section_story_id":"131ac6a3-8405-4945-b8e9-a1e5596d7807","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"\nFund buys 12.4% of GB Auto\u2019s shares - 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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fund buys 12.4% of GB Auto\u2019s shares\" \/>\n<meta property=\"og:description\" content=\"Much ado about nothing: The local and international press alike are making a bit too much out of a disclosure yesterday that N.R. Investments S\u00e0rl has bought 135.4 mn shares of GB Auto, or about 12.4% of the company. A senior company official tells us that the transaction was simply a restructuring of ownership by […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-06T03:53:27+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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fund buys 12.4% of GB Auto\u2019s shares\",\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\"},\"wordCount\":73,\"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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\",\"name\":\"Fund buys 12.4% of GB Auto\u2019s shares - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fund buys 12.4% of GB Auto\u2019s shares\"}]},{\"@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":"Fund buys 12.4% of GB Auto\u2019s shares - 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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/","og_locale":"en_US","og_type":"article","og_title":"Fund buys 12.4% of GB Auto\u2019s shares","og_description":"Much ado about nothing: The local and international press alike are making a bit too much out of a disclosure yesterday that N.R. Investments S\u00e0rl has bought 135.4 mn shares of GB Auto, or about 12.4% of the company. A senior company official tells us that the transaction was simply a restructuring of ownership by […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-04-06T03:53:27+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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Fund buys 12.4% of GB Auto\u2019s shares","datePublished":"2017-04-06T03:53:27+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/"},"wordCount":73,"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\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/","name":"Fund buys 12.4% of GB Auto\u2019s shares - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-04-06T03:53:27+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/fund-buys-12-4-of-gb-autos-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Fund buys 12.4% of GB Auto\u2019s shares"}]},{"@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":569159,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/","url_meta":{"origin":648560,"position":0},"title":"Raya approves selling 31% stake in its transport arm","author":"enterpriseam admin","date":"16 February 2020","format":false,"excerpt":"M&A WATCH- Raya approves sale of 31% stake in its transport arm: Raya Holding board of directors has agreed to sell a 31.16% stake in its Ostool Shipping Company to Paradigm Logistics for EGP 133 mn, according to an EGX filing (pdf). Raya will be selling 12.4 mn shares (half\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":546730,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/26\/qatari-dairy-outfit-baladna-ups-its-stake-in-juhayna\/","url_meta":{"origin":648560,"position":1},"title":"Qatari dairy outfit Baladna ups its stake in Juhayna","author":"enterpriseam admin","date":"26 May 2022","format":false,"excerpt":"Baladna buys more JUFO shares: Qatari dairy firm Baladna raised its stake in EGX-listed dairy company Juhayna to 10.14% from 9.99% in a EGP 12.4 mn transaction, according to a disclosure (pdf) to the EGX yesterday. The firm bought a total of 1.4 mn shares in Juhayna, at an average\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/347.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599271,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/24\/algioshy-steel-plans-egypt-ipo-in-2020\/","url_meta":{"origin":648560,"position":2},"title":"AlGioshy Steel plans Egypt IPO in 2020","author":"enterpriseam admin","date":"24 June 2019","format":false,"excerpt":"IPO WATCH- Steel manufacturer AlGioshy Steel is planning to offer up to 25% of its shares in an IPO next year to finance planned expansions, CEO Tarek AlGioshy tells the local press. The company has hired an adviser, but AlGioshy did not disclose who. A top company executive had said\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":593102,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/18\/ezz-dekheila-steel-acquires-ezz-flat-steel-in-a-usd-356-07-mn-transaction\/","url_meta":{"origin":648560,"position":3},"title":"Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction","author":"enterpriseam admin","date":"18 November 2019","format":false,"excerpt":"M&A WATCH- Ezz Dekheila Steel acquires Ezz Flat Steel in a USD 356.07 mn transaction: Ezz Steel divested its full stake in Ezz Flat Steel, selling 35.3 mn shares to Ezz Dekheila Steel for USD 356.07 mn, according to a bourse disclosure (pdf). The transaction is part of a restructuring\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":547416,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/21\/ksas-alhokair-family-agrees-to-acquire-4-99-of-valu\/","url_meta":{"origin":648560,"position":4},"title":"KSA\u2019s Alhokair family agrees to acquire 4.99% of valU","author":"enterpriseam admin","date":"21 June 2022","format":false,"excerpt":"valU welcomes new minority Saudi owners: The Alhokair family looks set to acquire a 4.99% stake in EFG Hermes\u2019 buy-now-pay-later platform valU, according to a statement (pdf) out yesterday. Brothers Fawaz Abdulaziz Alhokair, Salman Abdulaziz Alhokair, and Abdul Majeed Abdulaziz Alhokair have agreed to acquire the stake through a USD\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/257.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593470,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/28\/ezz-steel-board-approves-selling-its-shares-in-ezz-rolling-mills-to-ezz-dekheila\/","url_meta":{"origin":648560,"position":5},"title":"Ezz Steel board approves selling its shares in Ezz Rolling Mills to Ezz Dekheila","author":"enterpriseam admin","date":"28 November 2019","format":false,"excerpt":"M&A WATCH- Ezz Steel board approves selling its shares in Ezz Rolling Mills to Ezz Dekheila: Ezz Steel\u2019s board of directors has signed off on selling north of 88 mn of its shares in Ezz Rolling Mills (ERM) through a share swap with Ezz Dekheila Steel, the parent company said\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648560","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=648560"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648560\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648548"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648560"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648560"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}