VOL. XLIV

No. 08

19-February-2001

ALGERIA

Algerian State-Run Food Company Plans IPO On Algiers Stock Exchange

Algerian state-run food company Entreprise de Transformation des Cereales(Eriad-Constantine) plans to sell a stake to private investors through an initial public offering (IPO) on the Algiers Stock Exchange (ASE), the companys chairman, Nadjib Djaou, said on 12 February. We just had the green light from the government to partially privatize our capital and we expect the operation to be...