The Egyptian governoment will market some of the state-owned companies earmarked for privatization in its offering program in April, Bloomberg reported on March 15th, citing Finance Minister Mohamed Maait.

“The implementation has already started and some of these assets are going to the market next month,” the minister said on the sidelines of a financial conference in Riyadh.

The minister said that Egypt is considering further expanding the list of state-owned firms to 40 instead of 32 ahead of offering them to investors, as the cash-strapped nation moves ahead with a plan to revamp the economy.

On February 9th, the government announced that it is looking forward to offering shares in up to 32 companies for sale on the Egyptian Exchange (EGX), to strategic investors, or a mix of both.

 

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