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Egypt to offer as much as full ownership in firms held by army

Egypt to Put Two Army Firms Up for Offer, Dangles Full Ownership

Egypt to Put Army Firms on Offer, Dangling Full Ownership Bloomberg 12/10/2020 Mirette Magdy © Bloomberg Egypt’s stock exchange, closed since the end of trading on Jan. 27, hasn’t decided when it will resume trading, the state-run Middle East News Agency reported today. (Bloomberg) Egypt will offer as much as full ownership in a mineral-water company and an oil firm currently held by the military, pressing ahead in seeking private investment for businesses that President Abdel-Fattah El-Sisi has said could be more open to the public. The National Company for Producing and Bottling Water (Safi) and Wataniya Petroleum have been chosen as the first two firms for the initiative, Planning Minister Hala El-Saeed said Thursday.

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