VOL. XLII
No. 11
15-March-1999
EGYPT
Merrill Lynch/EFG Consortium Awarded Egyptian Electricity Privatization…
The Egyptian Electricity Authority (EEA) has awarded a consortium led by Merrill Lynch and the Egyptian investment bank EFG-Hermes the mandate to lead manage the sale of minority stakes in the country’s seven state-owned power generation and distribution companies. With the seven companies’ aggregate value estimated at between $12 and $14bn, the deal is set...
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