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New privatizationsystem begins next week
Egypt, Economics, 11/21/2002
The government intends to apply a new privatization system when selling the state-owned companies, said Minister of Public Business Sector Mokhtar Khattab, adding that under the new system 6 companies:
ΚΚΚ Niaza, Edfina, Simaf, Bata, Automotive Engineering and Kafr Al-Dawar Dyeing will be put for sale.
ΚΚΚ The new system envisages raising the capital of the listed companies to 51 per cent.
Previous Stories:
Regional center in Egypt to coordinate the Arab electricity network
(11/20/2002)
New privatization system begins next week
(11/19/2002)
Al-Ahram: Egyptian gas reserves enough for 60 years
(11/15/2002)
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