Egypt to Begin Process for Offering Stakes in 5 State Firms
Photographer: Shawn Baldwin/Bloomberg
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Egypt will begin the procedures for offering stakes in five public sector companies, Prime Minister Mostafa Madbouly’s office said Tuesday, in an effort to boost growth and attract investment.
The five companies that would see additional stakes offered are: Heliopolis Housing, Alexandria Mineral Oils Co, Abou Kir Fertilizers & Chemical Industries, Alexandria Container & Cargo Handling and Eastern Tobacco, the country’s biggest cigarette maker.