Egyptian Steel to launch IPO
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Egyptian Steel to launch IPO

Egyptian Steel to launch IPO

Egyptian Steel (ES), a joint venture between Egypt and Qatar, has announced plans to go public by selling part of its shares in the stock exchange, Reuters has reported. ES is currently in talks with "an international company" to manage the initial public offering (IPO), chairperson Ahmed Abu Hashima said. ES is currently building a steel plant in the governorate of Beni Suef with total investment amounting to EGP1.5bn and aiming start production by 2014.

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    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

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