The Clap
The Egyptian government is planning to offer four of its logistics companies on the EGX next year.
Any names?
The companies expected to list are “Damietta for Container & Cargo Handling” & “Port Said for Container & Cargo Handling”.
While the “Egyptian Company For Maritime Transport” & “Egyptian Public Warehouses” are expected to list on the NileX.
Deets
Stakes of around 25% of each company are expected to be offered in a private or public offering.
Why this matters
The government has picked up its efforts to privatize its companies & assets, especially since the pre-IPO fund was established.
