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News NI Capital to sell Misr Cement Qena stake

NI Capital to sell Misr Cement Qena stake

Written by Global Cement staff 11 December 2023
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Egypt: NI Capital, the investment arm of Egypt’s National Investment Bank, plans to sell its 10% stake in Misr Cement Qena. The Al Borsa newspaper has reported that the company is preparing to tender for a financial advisor for the intended sale. The divestment would form part of a US$5bn International Monetary Fund (IMF)-mandated privatisation programme, due to conclude before June 2024.

Last modified on 13 December 2023
Published in Global Cement News
Tagged under
  • Egypt
  • Misr Cement Qena
  • National Investment Bank
  • Stake
  • Sale
  • tender
  • International Monetary Fund
  • Privatisation
  • Government
  • Finance
  • GCW638
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