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The Daily Star: Egypt mulls majority stake offerings in more public firms

So far, however, a majority offering is available only in Heliopolis, with 40 percent of the property developer to remain under state control.
23.07.18 | Interesting article at The Daily Star

Egypt is considering adding companies to the list of state-run firms in which investors can secure majority stakes as it readies to launch a program aimed at reviving the battered public sector. The government is planning to start with the sale of Heliopolis Housing and Eastern Tobacco in October, Public Enterprise Minister Hisham Tawfik said in an interview.

So far, however, a majority offering is available only in Heliopolis, with 40 percent of the property developer to remain under state control.

“Our target is to improve the companies’ performance and to allow private sector participation in their boards,” Tawfik said, adding that this could come through “giving investors stakes in these companies and allowing them to have majority ownership in some of them.”