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Article: EGYPT.
- Article from:
- MEED Middle East Economic Digest
- Article date:
- October 1, 1999
CopyrightCOPYRIGHT 1999 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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ABN AMRO, CIB win Telecom Egypt sale mandate
The contract to advise the government on the privatisation of Telecom Egypt has been won by a team of ABN AMRO Rothschild, Commercial International Bank (Egypt -- CIB) and KPMG. The group is understood to have scored highest in the combined technical and financial evaluation, narrowly ahead of Flemings CIIC, with Citibank and Salomon Smith Barney, and a team of Merrill Lynch and National Bank of Egypt (MEED 10:9:99).
The contract will involve evaluating the assets of the fixed telephone line monopoly and arranging an initial offering of 10-20 per cent of the company in the first half of 2000. The second and ...