EFG Hermes to manage Unionaire, Carbon Holdings IPOs in 2018

IPO WATCH- EFG Hermes to take Unionaire, Carbon Holdings public in 2018: EFG Hermes will reportedly manage the initial public offerings for Unionaire Group in 1H2018 and Basil El Baz’s Carbon Holding in 2H018, sources close to the matter tell Al Mal. The firm is also quarterbacking the IPO of the state-owned Banque du Caire in the first half of the new year, sharing top duties with HSBC. EGX Chairman Mohamed Farid had said recently to expect a “very strong” current of IPOs in 2018, with transactions slated in the chemicals, pharma, and real estate sectors. State energy company Enppi is also expected to list on the EGX in 2018.