No. 25

19 June 2000


Egypts MPE Expects To Offer Additional Public Sector Companies During June

Egypts Ministry of Public Enterprise (MPE) on 4 June announced its intention to sell additional stakes in six publicly owned affiliated companies to strategic investors through the stock market by the end of June. According to Muhammad Hassuna, an advisor to the MPE, 11% of Eastern Tobacco Company, 2mn shares in Cairo for Oil and 30% of CID Pharmaceuticals will be sold through the stock...