IPO WATCH- Enppi IPO is back on the table: The Madbouly government have given the green light proceed with the initial public offering of petroleum industry contractor Enppi and sees it going to market as early as 2H2019, the domestic press reports. The government plans to sell 25-30% of the company’s shares and will also offer GDRs in London, the sources said. The news comes after Public Enterprise Minister Hisham Tawfik said earlier this month that the government is preparing a list of four companies that will sell shares via IPO in phase two of the state’s privatization program. The first phase of the program, which will see stake sales by already-listed companies, will start “soon,” the minister said.

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