Heliopolis Housing, a pilot of the state’s privatization program, could sell Al Nasr stake

M&A WATCH- Heliopolis Housing could sell Al Nasr stake: State-owned Heliopolis Housing and Development (HDD), one of the first companies set to pilot the state’s new privatization drive, could sell a 20% stake in Al Nasr Real Estate Development worth some EGP 48 mn to Zahraa Maadi Investment, according to a regulatory filing (pdf). Zahraa Maadi’s share price climbed 7% after the announcement.