Google+ Followers

Monday, 19 September 2016

Egypt prepares ground for $10bn share sales in state energy companies | The National

Egypt prepares ground for $10bn share sales in state energy companies | The National:

"Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to US$10 billion dollars within three to five years, the minister of investment said.

The government is studying which companies will participate in the programme, said the minister of investment Dalia Khorshid. The government will pick local and international investment banks to advise on the offerings.


"Many companies will be restructured in the coming period, beginning with electricity companies, to prepare them for share sales on the bourse," Ms Khorshid said. Proceeds will be used, in part, to narrow the budget deficit, she said."



'via Blog this'