APPOINTMENTS- Law firm Matouk Bassiouny & Hennawy has been appointed to advise Orascom Development Holding (ODH) on the sale of its stake in Orascom Housing Communities, Al Shorouk reports, citing unnamed sources familiar with the matter. ODH announced last week that it is seeking to sell some or all of its stake in the company, a few days after reports in the local press suggested that CEO Samih Sawiris is looking to offload 85% of its shares to an unnamed UK investment fund, including the 30% stake held by ODH and his personal 55% stake. The remaining 15% will be retained by US company Blue Ridge and PE firm Equity International.

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