IPO WATCH- Four of the country’s most prominent law firms are reportedly bidding for the role of legal advisor on the listing of state-owned Enppi on the EGX, sources with knowledge of the matter tell Al Borsa. The list of suitors includes Baker and Mckenzie, Matouk Bassiouny, Zaki Hashem and Partners, and Zulficar and Partners. Investment bank Arqaam Capital has also formed an alliance with Deutsche Bank that looks to serve as bookrunner, the sources add. Enppi’s IPO, which is expected before the end of 2017, is being managed by the state’s investment bank NI Capital and hopes to raise USD 100-150 mn. Sources said NI Capital should be announcing the winners before the end of July

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