VOL. XLIV

No. 12

19-March-2001

EGYPT

Egyptian Privatization Process Loses Steam In 2000

The Egyptian privatization process decelerated through 2000, with five sales to anchor investors, one majority public offering and three liquidations (see Table below). The Ministry of Public Enterprise (MPE) divested Plastic and Electricity Industry (90%), Ameriyah Cement (29%), Ramsis Agriculture (100%), Egyptian Engineering and Equipment Co (90%) and Alexandria Confectionary (90%) to anchor investors. In...