Amer Group to launch IPO
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Amer Group to launch IPO

Amer Group to launch IPO

Egyptian real estate firm, Amer Group expects to raise EGP1.14bn ($242m) through an initial public offering and a private placement before the end of the month, Reuters has reported. The cash raised would be used to speed up completion of the company's various projects, chairman Mansour Amer said. "Most of the market delivers within four years, we deliver within two," Amer said. "If we succeed with (the IPO, private placement) we can deliver within a year using the capital increase."

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