The Clap
The government is promoting part of its stake in Egyptian Propylene and Polypropylene (EPP) to foreign investors.
What
Egypt’s government chose Compass Capital to promote a slice of its 22% ownership in state-owned thermoplastic producer Egyptian Propylene and Polypropylene (EPP) to Gulf- and China-based investors, a government source told Enterprise.
Ringing bells?
Claps readers might remember that last October, Al Mal told us the government was looking to sell a 10-15% chunk of its 22% stake in EPP to a foreign investor, and that a Saudi private company is eyeing it.
Some Context
The government’s goal is to raise USD 5 billion from asset sales between October 2023 and June 2024.
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
- Omar Amin
