We’re looking for a slice of Egypt’s pharma sector: ADQ, Mubadala, and EmiratesInvestment Authority (EIA) are all interested in Egyptian state-owned pharma companies Chemical Industries Development (CID) and Misr Pharma, Al Mal reports, citing sources it says are in the know. While the Egyptian government has held negotiations with foreign investors, no formal offers have been made, Al Mal’s sources said, adding that Egypt is likely to sell 30% stakes in each company.

But we’re not alone: Qatar’s sovereign wealth fund, the Qatar Investment Authority(QIA), is also eyeing a stake in CID.

The planned sales have been crawling along: It was reported back in June that several investors were in talks with the Public Enterprises Ministry to acquire stakes in the two companies, four months after reports surfaced that the government could sell 30-40% of CID to strategic investors.

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