Egypt Seeks Up to $6 Billion by June From Sale of State Firms
- Assets to be moved to pre-IPO fund within weeks, minister says
- Planning and wealth-fund chief Elsaid speaks in interview
Cairo, Egypt.
Photographer: Sima Diab/BloombergThis article is for subscribers only.
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Egypt aims to raise as much as $6 billion before the middle of next year by selling stakes in state-owned businesses, the country’s planning minister said, as it seeks to shore up an economy hit by Russia’s invasion of Ukraine.