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Gov’t to sell 70% stake in Siemens-built power plant. PLUS: Updates on Zafarana, Helwan Fertilizers sales.
The transaction could be worth as much as USD 1.9 bn, according to government estimates
Military stake sales in the spotlight as Taqa Arabia joins race for Wataniya, 2 investors circle Safi
Taqa is one of four companies doing due diligence on the company
Egypt aims to raise USD 5 bn from privatization by June 2024
It expects to raise the money by selling seven assets to private investors
Privatization info-dump day
PLUS: HSBC Egypt and GAFI are on the road today
Unemployment numbers are down + Gov’t in talks to potentially sell down stake in Eastern Company
Good morning, friends, and happy FRIDAY to all of you, whether you’re in Sahel or in Cairo. We wish you…
EGX approves Al Ezz Dekheila delisting. PLUS: News on corn, East Port Said, Microsoft
Al Ezz Dekheila Steel plans to buy back the government’s 31% stake and delist from the exchange
Gov’t to sell up to 15% stake in Eastern after receiving interest from multiple investors
Eastern is willing to sell down just under a third of its 51% stake
Due diligence on United Bank hasn’t started yet, says CBE
Due diligence will begin by the end of September, central bank says
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