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 |
(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. urn:newsml:reuters.com:*: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) ((Lena.Masri@thomsonreuters.com;))