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Floating up new companies for privatization in Egypt
Egypt, Politics, 5/21/1999
The ministerial committee in Egypt decided to sell the three companies El-Wady, Delta Steel Co. and Egypt for Manufacturing Iron, with 51% of their shares to be sold for a main investor. Moreover, the committee decided to float up Helnan Dahab Hotel, and Coss Mobolnan in Cairo for sale to a main investor at the rate of at least 50% of the two hotel's shares if they are not totally sold. Egyptian Prime Minister Kamal El-Ganzouri permanently chairs the meetings of the committee.
Previous Stories:
Privatizing 43 Egyptian companies
(5/14/1999)
Mubarak address economic issues at NDP Congress
(5/10/1999)
Selling 60 governmental companies in Egypt
(5/6/1999)
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