VOL. XLII
No. 12
22-March-1999
EGYPT
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...
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