** #6 – Three questions lurk behind the headlines on an otherwise quiet-but-steady newsday:

  1. Will the beating handed to the shares of consumer and structured finance player Sarwa earlier this week prompt companies with IPOs now in the market to delay their offerings to 1Q2019 or beyond?
  2. Will the Madbouly government postpone the scheduled 21-25 October sale of 4.5% of cigarette maker Eastern Tobacco, which is piloting the latest of the state’s privatization drives? Government officials were reportedly meeting yesterday with the investment bankers quarterbacking to sale, but no word on timing had emerged by dispatch time today.
  3. Does SODIC’s blockbuster bid for MNHD — by all accounts Egypt’s largest-ever M&A — presage a scramble for scale among players of all sizes in the domestic real estate market?
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