TAQA Arabia’s IPO in the EGX “not in the near future” – sources
Qalaa Holdings’ TAQA Arabia won’t be making its EGX debut in the near future due to the potential for market volatility caused by the pandemic, the local press reported yesterday, quoting sources close to the matter. Qalaa had reportedly planned to list 30-40% of its portfolio company in the first half of 2020. The company […]
EMG gas pipeline faces ownership change as Delek plans LSE spin-off
Delek Drilling to transfer ownership in Israel-Egypt gas pipeline to new company as part of LSE spin-off plan: Delek Drilling, one of the main operators of Israel’s large offshore gas fields, is planning to spin off most of its assets into a new company it will IPO on the London Stock Exchange, according to a […]
Wintershall Dea seeks European IPO in second half of 2020
Newly created oil and gas group Wintershall DEA plans to hold an initial public offering in the second half of the next year, its chief executive told Reuters, in a deal that could become one of the largest European listings in 2020. Sources said in April that Wintershall DEA had picked the banks to arrange […]
Carbon Holdings plans to sell 30% stake in IPO next year
Carbon Holdings to sell 30% stake in 2Q2019 IPO: Carbon Holdings plans to sell a 30% stake in an IPO next year, Managing Director of Corporate Finance and Investor Relations Karim Helal said. The company also appears to have narrowed the date of the IPO to 2Q2019, according to Helal. The offering will include a […]
Zaki Hashem & Partners to advise on Enppi’s IPO – sources
Egypt’s state oil firm ENPPI is expected to appoint local law firm Zaki Hashem & Partners (ZH&P) as legal adviser for its planned initial public offering (IPO), sources familiar with the matter told Amwal Al Ghad. The IPO, which is part of the government’s programme to float stakes in dozens of state-owned companies and officials […]
Carbon Holdings plans potentially the largest IPO in Egypt since 2011
Carbon Holdings has reportedly tapped a top investment banking house to serve as advisor and global coordinator for an IPO that would value the company north of USD 1 billion, we’re told by sources with knowledge of the preparations. The stake sale is likely to be the largest IPO in Egypt since 2011; the structure […]
Enppi’s IPO to take place towards the end of this year
The listing of state energy firm Enppi will take place towards the end of the year, said CEO Mohamed Hathoot. He tells Al Borsa that the company now is working on listing procedures with NI Capital. A number of people involved in the transaction, including the Chairman of CI Capital, which advising on the transaction, […]
ADES lays out blueprint for growth through oil downturn
“Our business model relies largely on legacy offshore assets that we purchase and refurbish.” Mohamed Farouk, oil driller ADES International’s chief executive, makes his business sound very straightforward. “Our business model relies largely on legacy offshore assets that we purchase and refurbish.” Revenue growth of more than 35% in each of the past three years […]
Enppi IPO to launch on EGX in Q1 2018
Enppi will launch an initial public offering (IPO) on the Egyptian Exchange (EGX) during the first quarter of 2018, Egypt’s Minister of Investment and International Cooperation Sahar Nasr said. Nasr agreed with the new EGX’s board on establishing new programmes to innovate new mechanisms for the EGX to speed up the implementation process of the […]
Amwal AlKhaleej plans IPO of Egyptian Propylene & Polypropylene Co. in Q1-2018
Middle Eastern private equity firm Amwal AlKhaleej is seeking an initial share offering of Egyptian Propylene and Polypropylene Co. (EPPC) in the first quarter of 2018, regional head confirmed Tuesday. Amwal AlKhaleej has 15 percent of EPPC, whose capital currently amounts to $276 million. The planned IPO aims to finance EPPC’s future expansions in its […]
