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Talaat Moustafa Group Unit to Buy Stake in 7 Hotels from Egyptian Sovereign Wealth

The Sovereign Fund of Egypt inked a deal to sell a stake in seven major hotels to Talaat Moustafa Group Holding SAE, which is one of the largest listed real estate development companies in Egypt. Arab Company for Tourism and Hotels Investments (ICON) is a unit of TMG, which is the entity making the investment.…

Egypt sells stakes in 7 state-owned historic hotels in partial privatization

Egypt sells stakes in 7 state-owned historic hotels in partial privatization
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Egypt Sells Stakes In Seven State-Owned Historic Hotels In Partial Privatisation

Egypt Sells Stakes In Seven State-Owned Historic Hotels In Partial Privatisation
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Egypt sells stakes in 7 state-owned historic hotels in partial privatization-Xinhua

Egypt sells stakes in 7 state-owned historic hotels in partial privatization-Xinhua
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Egypt sells stakes in 7 state-owned historic hotels in partial privatization

CAIRO, Dec. 20 (Xinhua) The Egyptian government on Wednesday inked a deal to sell 39 percent stakes in seven state-owned historic hotels to the country's private real estate giant Talaat Mostafa Group (TMG).

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