VOL. XLII

No. 29

19-July-1999

EGYPT

Egypt Agrees Sale Of 20% Stake In Cairo Electricity Company

Egypt痴 Council of Ministers has agreed to sell 20% of theCairo Electricity Company by way of public offering before the end of August,according to an article in the Egyptian daily al-Ahram on 14 July. Egyptawarded Merrill Lynch and EFG-Hermes the mandate to lead manage the sale ofminority stakes in the country痴 seven state-owned power generation anddistribution companies, estimated to have a value of...