EgyptAlum Comes To Market
The long-awaited IPO of blue-chip Egypt Aluminum (EgyptAlum) will take place on 2February, according to lead-manager Commercial International Investment Company (CIIC). A10% tranche worth E300mn will be offered to investors by the state MetallurgicalIndustries Holding Company for a period of two weeks - despite a lackluster year thus faron the Cairo stock market. EgyptAlum is based at Nag Hammadi, 150km. north of Luxor and isin the...