{"id":86600,"date":"2024-05-28T00:00:00","date_gmt":"2024-05-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/28\/pif-in-talks-to-get-a-piece-of-egyptian-agriculture-firm-daltex\/"},"modified":"2024-05-28T00:00:00","modified_gmt":"2024-05-28T00:00:00","slug":"pif-in-talks-to-get-a-piece-of-egyptian-agriculture-firm-daltex","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/05\/28\/pif-in-talks-to-get-a-piece-of-egyptian-agriculture-firm-daltex\/","title":{"rendered":"PIF in talks to get a piece of Egyptian agriculture firm Daltex"},"content":{"rendered":"

The Public Investment Fund (PIF) is reportedly in talks to acquire an <\/strong>unspecified minority stake in Egyptian agriculture firm <\/strong>Daltex Corporation<\/a><\/strong> through a capital increase, Egyptian media outlet Al Mal<\/a> reports, citing unnamed sources it says have knowledge of the matter.<\/p>\n

It\u2019s still early days: <\/strong>The talks are still in the early stages and both sides are yet to reach an agreement or sign a contract, the sources added. If the acquisition goes through, Daltex would use the funds from the transaction to finance the company\u2019s expansions, and finance its exports of production requirements.<\/p>\n

About Daltex: <\/strong>The agriculture player has been operating in the Egyptian market since 1964 and has established itself as a \u201c leading exporter of Egyptian potatoes<\/a> and a fully-integrated player operating across all aspects of the agricultural value chain.\u201d <\/p>\n

Advisors:<\/strong> Our friends at EFG Hermes are reportedly financial advisors to Daltex, while Matouk Bassiouny and Adsero Ragy Soliman & Partners are counsel. <\/p>\n

PIF has been interested in more than one Egyptian company of late:<\/strong> The fund\u2019s wholly owned subsidiary the Saudi Egyptian Investment Company submitted an offer earlier this month<\/a> to acquire up to 100% of leading Egyptian education company CIRA Education. <\/p>\n","protected":false},"excerpt":{"rendered":"

The sovereign fund wants a minority stake in Daltex through a capital increase<\/p>\n","protected":false},"author":1,"featured_media":86601,"comment_status":"","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":[2575],"tags":[478,384,10,14,1151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-agriculture","tag-egypt","tag-enterpriseam-ksa","tag-ma-watch","tag-public-investment-fund-pif","wpautop","entry"],"acf":{"mongo_id":"a8c88a1e-f8bc-4f6c-952d-c5d84eb1758c","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2172.jpg","photo_position":"above","homepage_title":"","full_issue_title":"PIF in talks to get a piece of Egyptian agriculture firm Daltex","related_issue":[86592],"teaser":"The sovereign fund wants a minority stake in Daltex through a capital increase","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.ff08dd9a-d5bc-4566-92ba-597ea3073da4.mp3"},"yoast_head":"\nPIF in talks to get a piece of Egyptian agriculture firm Daltex - 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