VOL. XLII

No. 23

7-June-1999

EGYPT

Egypt痴 Privatization Committee Approves Further OfferingsOf State Assets

Egypt痴 Ministerial Privatization Committee has approvedadditional offerings of state-owned shares in a number of high-profilecompanies, including a 15% stake in Helwan Cement, an 11% stake in EasternTobacco Company, and the sale of the Holding Company痴 final 25% stake in KafrEl-Zayat Pesticides. On 1 June, Al-Ahram reported that in addition thecommittee also approved the sale of 90% of...