CI Capital Holding SAE logo

CICH - CI Capital Holding SAE News Story

EGP3.3 -0.1  -1.8%

Last Trade - 14/04/21

Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 0

UPDATE 1-Egypt picks banks to manage sale of stakes in state-owned companies - official

Mon 14th January, 2019 10:37am
(Adds background)
    CAIRO, Jan 14 (Reuters) - Egypt's CI Capital and Renaissance
Capital will manage the sale of a stake in state-owned Abu Qir
Fertilizers  ABUK.CA , a government official said on Monday.
    EFG Hermes and Citi will manage the sale of a stake in
Alexandria Container and Cargo Handling  ALCN.CA , the official
who spoke on condition of anonymity said. 
    Egypt is working on selling shares in dozens of state-owned
companies over the next three to five years across several
sectors to help boost public finances.*:nL8N1R021A
    The state owns vast swathes of Egypt’s economy, including
three of its largest banks - National Bank of Egypt  NBEGPT.UL ,
Banque Du Caire  BQDC.CA , the United Bank of Egypt - along with
much of its oil industry and real estate sector. 

 (Reporting by Ehab Farouk, writing by Lena Masri;
Editing by Alison Williams and Louise Heavens)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.