Eight law firms vying for gig as legal advisor on state privatization program

IPO WATCH- Eight Egyptian law firms are reportedly vying for the role of legal advisor to the government’s privatization program, government sources said. The list of suitors includes Zaki Hashem & Partners, Zulficar & Partners, Sarie Eldin & Partners, Matouk Bassiouny, Helmy, Hamza and Partners, Shahid Law Firm, El Tamimi & Co, and TMS Law Firm. The Public Enterprises Ministry is reviewing the offers and is expected to make a selection within two months’ time, according to the sources. The state privatization program includes 23 companies that will IPO or list additional shares on the EGX.