{"id":666632,"date":"2025-06-11T00:00:00","date_gmt":"2025-06-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/nas-raises-stake-in-egyfert-to-51-5-plus-acciona-development-and-housing-company-for-utilities\/"},"modified":"2025-06-11T00:00:00","modified_gmt":"2025-06-11T00:00:00","slug":"nas-raises-stake-in-egyfert-to-51-5-plus-acciona-development-and-housing-company-for-utilities","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/11\/nas-raises-stake-in-egyfert-to-51-5-plus-acciona-development-and-housing-company-for-utilities\/","title":{"rendered":"Nas raises stake in EgyFert to 51.5%. PLUS: Acciona + Development and Housing Company for Utilities"},"content":{"rendered":"<p class=\"tag-border-left\">M&amp;A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE-based Nas Investment Holding finalized <\/strong><strong>upp<\/strong><strong>ing its stake in EgyFert to 51.5%<\/strong> from 32.4% after acquiring an additional 1.8 mn shares at EGP 102 apiece, according to an EGX <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/6\/452.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a>. The total transaction value came in at EGP 186.8 mn. Al Ahly Pharos brokered the transaction.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nas was initially after a much bigger stake<\/strong>, after the holding company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a51a2f6-2962-4305-8a55-275649dcc5e0\/%253cmark%253enas%253c%2Fmark%253e-raises-its-bid-price-for-egyfert-7%2525-to-egp-102-apiece\" style=\"\" rel=\"noopener\">submitted an MTO<\/a> for up to an additional 57.5% of the fertilizers player, which would have raised its stake in the company to 90%.<\/p>\n<p class=\"tag-border-left\">CONSTRUCTION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Spain\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.acciona.com\/\" style=\"\" rel=\"noopener\">Acciona<\/a><\/strong> <strong> and the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/icat.com.eg\/portfolio\/dhcu\/\" style=\"\" rel=\"noopener\">Development and Housing Company for Utilities<\/a><\/strong><strong> secured a EUR <\/strong><strong>35 mn contract for the second phase of the Gabal El Asfar wastewater treatment complex<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.acciona.com\/updates\/news\/egypt-awards-acciona-operation-maintenance-worlds-largest-wastewater-treatment-plants\" style=\"\" rel=\"noopener\">statement<\/a> from Acciona. The eight-year contract between the Spanish company and the local public-private enterprise was awarded by the Construction Authority for Potable Water and Wastewater and will see the consortium rehabilitate and upgrade two plants, each with a daily capacity of 500k cubic meters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>We heard back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac89de42-c6b1-4448-8b2d-b8c1c7be301e\" style=\"\" rel=\"noopener\">April<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac89de42-c6b1-4448-8b2d-b8c1c7be301e\" style=\"\" rel=\"noopener\"><\/a> that the third phase of the water treatment plant is in line for EUR 50 mn in funding from the French Development Agency (AFD), a EUR 1.5 mn AFD grant, and a EUR 10 mn EU grant managed by the AFD. Local media reported back in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/32a21f70-2b0c-45cc-a08e-3a3b63ee538a\/\" style=\"\" rel=\"noopener\">September<\/a> that the government would launch an international tender for the EUR 350 mn expansion of the plant, which involves designing, installing, and operating the first part of the third phase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nas was initially hoping to increase its stake to 90%<\/p>\n","protected":false},"author":1,"featured_media":666633,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[12177,111,130,8635,72,99,7111],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-666632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-acciona","tag-also-on-our-radar","tag-construction","tag-egyfert","tag-enterpriseam","tag-fertilizers","tag-infrastructure","wpautop","entry"],"acf":{"mongo_id":"f01b803e-aa9b-408d-b26a-6cc691ee297f","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/511.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Nas raises stake in EgyFert to 51.5%. PLUS: Acciona + Development and Housing Company for Utilities","related_issue":[666612],"teaser":"Nas was initially hoping to increase its stake to 90%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.5076ec08-9e37-4e81-856f-20695133f581.mp3"},"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>Nas raises stake in EgyFert to 51.5%. 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The weather is off to a cool start this Sunday, as is the news cycle.THE BIG STORY TODAY UAE\u2019s Nas Investment Holding wants a bigger piece of EgyFert: UAE-based Nas Investment Holding intends to submit a mandatory tender offer for\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/591.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":665983,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/27\/nas-raises-its-bid-price-for-egyfert-7-to-egp-102-apiece\/","url_meta":{"origin":666632,"position":3},"title":"Nas raises its bid price for EgyFert 7% to EGP 102 apiece","author":"enterpriseam admin","date":"27 May 2025","format":false,"excerpt":"The offer will now run through to the end of the trading session on Sunday, 1 June.","rel":"","context":"In &quot;M&amp;A WATCH&quot;","block_context":{"text":"M&amp;A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/6\/782.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":659084,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/21\/nas-investments-makes-90-egyfert-acquisition-bid-official-with-mto-plus-heliopolis-housing-ja-solar-amea-power-healthy-elsewedy-electric-misr-petroleum-ezdehar-robbiki-leather-city\/","url_meta":{"origin":666632,"position":4},"title":"Nas Investments makes 90% EgyFert acquisition bid official with MTO. 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