Egypt targets 8-10 flotations of state firms over 18 months
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Cairo
EGYPT is looking to offer shares in eight to 10 state companies on the stock exchange over the next 18 months, Finance Minister Amr El-Garhy told Reuters on Sunday, as part of a drive to attract foreign investors.
The flotations will be the first batch in a programme to float stakes in dozens of state-owned companies over the next three to five years in areas including oil, services, chemicals, shipping and real estate.
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