{"id":88162,"date":"2025-08-12T00:00:00","date_gmt":"2025-08-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/12\/cib-buys-4-9-stake-in-publicly-owned-dchc\/"},"modified":"2025-08-12T00:00:00","modified_gmt":"2025-08-12T00:00:00","slug":"cib-buys-4-9-stake-in-publicly-owned-dchc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/08\/12\/cib-buys-4-9-stake-in-publicly-owned-dchc\/","title":{"rendered":"CIB buys 4.9% stake in publicly owned DCHC"},"content":{"rendered":"

Egypt <\/strong>offloads 4.9% stake in state-owned cargo company: <\/strong>Damietta Container and Cargo Handling Company (DCHC) sold EGP 513.6 mn worth of shares to Commercial International Bank (CIB) \u2014 equivalent to a 4.9% stake \u2014 through the block trade mechanism, according to a bulletin (pdf)<\/a> on EGX and Asharq Business<\/a>. The government is reportedly<\/a> looking to offer a 20-25% stake in the company through the bourse.<\/p>\n

IN CONTEXT-<\/strong> The Egyptian government is moving towards offering minority stakes in state-owned companies listed in its privatization program via the Egyptian Exchange (EGX), while reducing the number of stakes allocated to strategic investors, a government source told EnterpriseAM.<\/p>\n

Stake sales to strategic investors will still be part of the plan<\/strong> \u2014 albeit a smaller part \u2014 with select agreements limited to investors in specific industries, we were told. Earlier reports suggested that the government was eyeing a private placement tranche for DCHC to attract major companies like Abu Dhabi Ports and DP World.<\/p>\n

ICYMI- DCHC filed for a capital hike <\/strong>last February<\/a><\/strong>, requesting to raise its authorized capital to EGP 1.5 bn, up from EGP 400 mn, and increase its issued and paid-up capital to EGP 1.1 bn, up from EGP 200 mn. <\/p>\n

The gov\u2019t eyed other roads + ports operators for public offering: <\/strong>Port Said Container and Cargo Handling Company was also included in the government\u2019s list of 32 state-owned companies slated for privatization, with Egypt\u2019s Financial Regulatory Authority reportedly reviewing the company\u2019s fair value assessment in 2023. A stake in the military-owned National Roads Company could also be up for sale by 2026<\/a> as part of the privatization program. <\/p>\n

The state has also roughly halved its privatization targets for the fiscal year<\/strong>, with the government now planning to raise some USD 3 bn under its privatization program by the end of June, down from its previous USD 5-6 bn target<\/a>, we were told.<\/p>\n

ALSO <\/strong>IN THE PIPELINE-<\/strong><\/p>\n