BMW agent in Egypt considering sale? Bavarian Auto Group, the exclusive agent in Egypt for BMW automobiles, may be looking to shop itself to investors in 2019 according to an unconfirmed report in Al Mal that cites unnamed sources. The daily claims that an unnamed financial advisory firm is working on a fair value report now that could set a floor for talks with a group of interested Arab and Egyptian investors. The unusually structured report suggests that, alternatively, Bavarian could tend to its knitting, but phase out local assembly and focus entirely on completely-built-up imports as customs duties on EU-assembled vehicles fall to 0% on 1 January. This is one of those stories on which we have zero inside track as to its veracity, but the fact that it is circulating suggests industry observers should watch this space.

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