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Egypt to Resume IPOs of State-Run Firms by End of March, Minister Says

  • Banque du Caire slated to be second in line-up of 3 companies
  • IPO program had been delayed amid downturn in the market
Financial traders work beneath digital boards displaying financial data in the trading hall of the Egyptian stock exchange in Cairo.
Photographer: Shawn Baldwin

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Egypt’s government plans to resume its program to offer stakes in state-run firms by the end of March, with Banque du Caire’s IPO expected to be second in a line-up of three companies on offer, Public Enterprise Minister Hisham Tawfik said.