VOL. XL

No. 30

28-July-1997

EGYPT

Egyptian Privatization Raises E6.5Bn

A new report released by the Egyptian Government reveals that proceeds from theprivatization process have now reached E6.5bn ($1.9bn) from the beginning of 1991 toJune 1997. These proceeds resulted from the sale of:

  • Six companies to anchor investors to the value of E981mn ($289mn). These are: al-Nasr Bottlers (Coca-Cola), Egyptian Bottlers (Pepsico), al-Ahram Beverages, ALUMACO, Public Utilities and Installation Company, and...