Holding Co for Construction and Development approves 32.25% stake sale in HHD: The general assembly of the Holding Company for Construction and Development has approved the sale of a 32.25% stake in subsidiary Heliopolis Housing and Development (HHD) on the EGX as part of the state privatization program, according to a statement from the Public Enterprises Ministry (pdf). HHD is part of the first wave of companies that will pilot the program, and is expected to sell the additional shares in the bourse in October. HHD has decided to go with the state-owned NI Capital to manage the sale.

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