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Article: Foreign investors find fertile ground by the Nile.(Egypt)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- July 2, 2004
CopyrightCOPYRIGHT 2004 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Only a year after shortages of nitrogen-based fertilisers sparked protests in rural areas of Egypt, the chemicals industry is enjoying an unprecedented wave of private investment, spurred on by domestic demand and a burgeoning export market. Foreign investor interest is being solicited in the possible sale of a majority stake in Egyptian Fertiliser Company (EFC), while plans have been drawn up for the construction of two new worldscale fertiliser plants at Helwan and Lake Qaroun, to the south of Cairo.
EFG-Hermes Investment Banking has been mandated by a group of EFC shareholders to advise on a possible initial public offering (IPO) or direct sale of their stakes ...