{"id":667417,"date":"2025-06-25T00:00:00","date_gmt":"2025-06-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/ascom-is-looking-to-take-over-raya-holdings-90-stake-in-ostool\/"},"modified":"2025-06-25T00:00:00","modified_gmt":"2025-06-25T00:00:00","slug":"ascom-is-looking-to-take-over-raya-holdings-90-stake-in-ostool","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/ascom-is-looking-to-take-over-raya-holdings-90-stake-in-ostool\/","title":{"rendered":"Ascom is looking to take over Raya Holding\u2019s 90% stake in Ostool"},"content":{"rendered":"

Qalaa Holding\u2019s mining arm <\/strong>Ascom<\/strong> will submit a EGP<\/strong> 641.0 m<\/strong>n purchase offer for Raya Holding's <\/strong>entire 90% stake in freight subsidiary Ostool<\/strong> after its board greenlit the offer, according to a disclosure (pdf)<\/a> to the EGX. The potential transaction values Ostool\u2019s shares at EGP 8.22 each.<\/p>\n

What\u2019s next? <\/strong>Archer Financial Consulting will conduct a fair value study for Ostool. If it moves forward, Ascom will carry out the acquisition through one of its subsidiaries.<\/p>\n

REMEMBER<\/strong>- <\/strong>Raya Holding upped its stake<\/a> in Ostool to 90% back in 2023 after purchasing an additional 27.7% stake from Egyptian Gulf Holding Financial Investments, EGBank\u2019s investment arm. Prior to that, Raya was looking to sell<\/a> its 62.3% stake in Ostool, but the sale didn\u2019t go through because the buyer didn\u2019t transfer the funds within the required time.<\/p>\n

MARKET REAX<\/strong>-<\/strong>Raya\u2019s shares went up 0.4% at today\u2019s trading to close at EGP 2.82 apiece, and Ascom saw its shares jump 5.4% to EGP 33.75 a pop.<\/p>\n","protected":false},"excerpt":{"rendered":"

The potential offer values Ostool\u2019s shares at EGP 8.22 each<\/p>\n","protected":false},"author":1,"featured_media":667418,"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":[7363],"tags":[72,7128,1985,614],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-enterpriseam","tag-ma-watch","tag-ostool","tag-raya-holding","wpautop","entry"],"acf":{"mongo_id":"603d604c-8851-4dae-9090-068773155716","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/2139.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ascom is looking to take over Raya Holding\u2019s 90% stake in Ostool","related_issue":[667409],"teaser":"The potential offer values Ostool\u2019s shares at EGP 8.22 each","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.4c4f1b14-8bf1-407c-87ae-d4d72eb43a5f.mp3"},"yoast_head":"\nAscom is looking to take over Raya Holding\u2019s 90% stake in Ostool - 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We\u2019re racing towards the final stretch of the week and into the long weekend. The latest developments between Iran and Israel and their impact on markets (and the EGP) continue to drive the news cycle.THE BIG STORY TODAY- #1- ASCOM eyes Raya\u2019s stake in Ostool: Qalaa\u2019s mining\u2026","rel":"","context":"In "WHAT WE\u2019RE TRACKING TONIGHT"","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\/6\/1417.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":707875,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/06\/04\/ascom-board-approves-fair-value-study-to-buy-90-of-rayas-ostool\/","url_meta":{"origin":667417,"position":1},"title":"Ascom board approves fair value study to buy 90% of Raya\u2019s Ostool","author":"enterpriseam admin","date":"4 June 2026","format":false,"excerpt":"This is Raya\u2019s third attempt to exit the logistics unit after a 2022 agreement with Paradigm Logistics collapsed and a 2023 reversal saw Raya consolidate ownership instead","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\/2026\/6\/303.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":703082,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/05\/18\/raya-zeroes-in-on-ostool-exit\/","url_meta":{"origin":667417,"position":2},"title":"Raya zeroes in on Ostool exit","author":"enterpriseam admin","date":"18 May 2026","format":false,"excerpt":"The BoD signed off on the independent fair value study prepared by Prime Capital and cleared by the FRA","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\/2026\/5\/1002.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":611925,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/14\/raya-holding-to-up-its-stake-in-ostool-to-90\/","url_meta":{"origin":667417,"position":3},"title":"Raya Holding to up its stake in Ostool to 90%","author":"enterpriseam admin","date":"14 December 2023","format":false,"excerpt":"Raya has signed an agreement to purchase another 28% stake in its subsidiary","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\/2023\/12\/908.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546892,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/01\/raya-finalizes-ostool-sale\/","url_meta":{"origin":667417,"position":4},"title":"Raya finalizes Ostool sale","author":"enterpriseam admin","date":"1 June 2022","format":false,"excerpt":"Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn, it said in a disclosure to the EGX (pdf) yesterday. The company will sell 53.9 mn shares to Paradigm at EGP 4.94 apiece, the filing said, adding that the two\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\/95.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569159,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/16\/raya-approves-selling-31-stake-in-its-transport-arm\/","url_meta":{"origin":667417,"position":5},"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). 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