No. 12



Misr Hotels To Sell 50% Stake In 1999 Following Approval OfLegal Settlements

The shareholders of Egypt痴 Misr Hotels approved a number ofagreements on 13 March which will pave the way towards the sale of thegovernment痴 50% stake in the company to a strategic investor later this year.The company has agreed to settle a number of disputes and pending lawsuitsout-of-court in a bid to ready the company for the 50% stake sale sometime in1999, according to Cairo-based...