Egypt's Banque Misr is preparing a file to exit its investments in some companies as part of a government program to reduce state ownership in the local economy. The deals will be announced after coordination with the committee for public procurement, according to an official source who refused to be named. The source told the Arab World News Agency that the bank is preparing to sell its shares in 13 out of 176 companies in its portfolio, adding that the companies subject to exit are profitable.
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