Egypt eyes minority stake sales of state firms by end-Dec but doubts persist [Reuters]
Eastern Company (The) (EML)
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Source: Reuters
Egypt eyes minority stake sales of state firms by end-Dec but doubts persist - Reuters 5 Min Read * State company sales have faced years of repeated delays * Sales seen as vital for sustaining economic expansion * Legal issues, market turbulence cited for delays By Patrick Werr CAIRO, Oct 10 (Reuters) - Egypt plans to sell minority stakes in two companies by year-end, ramping up its long-delayed privatisation programme though analysts doubt it is moving quickly enough to convince investors it is serious about opening up the economy. The state still controls vast swathes of Egypt’s economy, including three of its largest banks along with much of its oil industry and real estate sector. The government plans to sell extra shares in two state firms already trading on the Egyptian bourse, Abu Qir Fertilisers and Chemicals Industries and Alexandria Container and Cargo Handling Co., while retaining overall control, sources familiar with the planned transactions told Reuters. It has been talk
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EML
Analyst Actions
- 3/21/24 - TheStreet
EML
Sec Filings
- 4/26/24 - Form 8-K
- 3/20/24 - Form 4
- 3/19/24 - Form 4
- EML's page on the SEC website