trending Market Intelligence /marketintelligence/en/news-insights/trending/jozimifs-9iohfuvjpmgla2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Madinet Nasr to assess Sixth of October Development's all-share offer

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Madinet Nasr to assess Sixth of October Development's all-share offer

Madinet Nasr for Housing & Development SAE said it will evaluate and present at its upcoming board meeting the mandatory tender offer for its shares that Sixth of October Development & Investment Co. intends to launch.

The swap ratio for the proposed all-share deal is preliminarily set at 2 Madinet Nasr shares for 1 share of Sixth of October, provided that Sixth of October gains ownership of at least 51% of the urban developer's shares. Madinet Nasr will retain its listing on the Egyptian Exchange due to the share swap.

The combined entity will be among Egypt's largest real estate developers, with a total undeveloped land bank of more than 15 million square meters and over 15 years of development potential.

Sixth of October's Oct. 11 closing price of 19.02 Egyptian pounds values each Madinet Nasr share at 9.50 pounds, representing a 46% premium over Madinet Nasr's 6.50 pound-per-share closing price.

As of Oct. 12, US$1 was equivalent to 17.94 Egyptian pounds.