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Article: United Kingdom: National Bank of Egypt sells stakes in 6 companies.
- Article from:
- TendersInfo
- Article date:
- July 3, 2008
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Byline: sander03
State-owned National Bank of Egypt has sold its holdings in six companies for a combined total of 5.29 billion Egyptian pounds ($993 million), the financial daily Al Mal said on Tuesday.The bank sold its stakes in Abu Qir Fertilisers and Chemicals ABUK.CA, Ezz Dekheila Steel IRAX.CA, Egyptian Resorts EGTS.CA, Alexandria Mineral Oils Company (AMOC) AMOC.CA, Sidi Kerir Petrochemicals SKPC.CA and Misr Cement Qena MCQE.CA, according to the paper.
The paper said the sales were probably prompted by the failed attempt last week to auction off the state-owned bank Banque du Caire. Bank officials were not available to comment because Tuesday is a ...