VOL. XLIV

No. 15

9-APRIL-2001

EGYPT

MOEFT Prepares JV Banks And Companies For Privatization Or Merger

The Egyptian Ministry of Economy and Foreign Trade (MOEFT) announced on 2 April that it plans to privatize or merge five joint-venture banks and 25 joint-venture companies (see Table below). The MOEFT received government approval at the end of last year to begin studying measures to sell joint-venture banks and companies with a public stake equal to or exceeding 50%. PriceWaterhouseCoopers is the...