Egypt’s Sovereign Fund received offers for Safi as part of IPO program, says sources

Local media outlets have reported that the Sovereign Fund of Egypt (TSFE) has received purchase offers for the National Company for Natural Water in Siwa (Safi), citing unnamed sources familiar with the government’s IPO program.

The sources revealed that some investors are seeking to possibly acquire 100% of the company’s shares, with others showing interest in purchasing only the water bottling and packaging plant, excluding other activities of the company.

One of the potential offers may be coming from UAE’s food and beverage company, Agthia.