IPO WATCH- El Garhy Steel Group plans to offer 25% of its shares on the EGX during 1Q2018, Chairman Gamal El Garhy said on Saturday, according to Al Masry Al Youm. The company hopes to raise around EGP 3.6 bn in capital needed for its USD 200 mn pelletizing plant and USD 250 smelting and rolling plants, according to El Garhy. The chairman confirmed that a local investment bank is managing the transaction, but declined to share further details.

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