Back to the complete issue
Tuesday, 16 January 2018

BPE submits documents for February IPO

IPO WATCH- BPE submits documents for February IPO: BPE Partners has submitted the paperwork for initial public offering to the Financial Regulatory Authority (FRA) for approval, Chairman Hazem Barakat said yesterday, Al Mal reports. The company is planning to list around 35% of its shares on the EGX by the second half of February to raise c. EGP 450 mn in liquidity to use for a number of investment and expansion plans in fields including renewable energy and non-banking financial services, Barakat added. BPE has tapped Sigma Capital to manage the listing, Grant Thornton to conduct a fair value assessment, and Zaki Hashem & Partners as legal counsel. BPE is hoping to start trading on the stock exchange by early March.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.