Africa
00:36, 09-Mar-2023
Egypt may offer stakes in state-controlled firms to strategic investors
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Egyptian Prime Minister Mostafa Madbouli. /Xinhua
Egyptian Prime Minister Mostafa Madbouli. /Xinhua
Egypt's prime minister said on Wednesday his government was in favour of "strategic investors" buying stakes in big state-owned companies.
Speaking after the cabinet's weekly meeting, Mostafa Madbouly said the government was considering offering stakes in listed companies on top of the planned IPOs for 32 companies.
(With input from Reuters)
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Disinformation report hotline: 010-85061466