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Egyptian govt may launch IPO of Food Industries

Published Sun, Feb 22, 2015 · 09:50 PM
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Cairo

EGYPT is considering listing the state-owned Food Industries Holding Company (FIHC) in a rare initial public offering (IPO) of shares in a government holding company, Supplies Minister Khaled Hanafi told Reuters on Sunday.

The IPO could raise between three and four billion Egyptian pounds (S$535-714 million), Mr Hanafi said.

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