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Egypt Expects IPO of State-Owned ENPPI in Q1 2018

Source: Reuters 9/25/2017, Location: Egypt

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Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated.

The minority share offering in oil company ENPPI will be the first in an Egyptian state-owned company in about 12 years.

Nasr had previously said the IPO would take place before the end of 2017, part of a programme over the next three to five years to offer shares in dozens of state-owned companies.

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