Looking for foreign investors to buy Egyptian Railway Equipment Co SEMAF
Egypt, Business, 5/21/1999

The Egyptian holding company for material industries is currently searching for foreign investors to buy the Egyptian Railway Equipment Co. (SEMAF) that will be put for sale in the second half of the current year.

Wagih Mashraki, the head of the privatization sector in the holding company, told ArabicNews.com that the sale of the company to an Egyptian investor would be very difficult because there is no investor who specializes in this field, adding that the one who is going to buy SEMAF, should have experience in managing the company, continuing production and development.

Mashraki also said there are preliminary offers from Germany, Spain, Japan, Italy, Canada, and France to buy this Egyptian company, which only works in the field of railway equipment.

Previous Stories:
  Selling 60 governmental companies in Egypt   (5/6/1999)
  British - French compete for purchasing the Egyptian fuel stations   (4/29/1999)
  25 offers to buy Egyptian internal trade companies   (4/26/1999)

Please add a link on your webiste pointing to ArabicNews.com and bookmark ArabicNews.com & subscribe to our daily email news bulletin.

Search