Cairo has hired financiers NBD Capital, CI Capital and Jefferies International as lead managers for an Initial Public Offering (IPO) for the sale of around 23% of state engineering firm Enppi, through which it hopes to raise as much as $150mn. The IPO will take place in the fourth quarter of this year, Investment Minister Sahar Nasr says.
Enppi is 97% owned by state oil firm EGPC while fellow state-run engineering firm Petrojet holds 2% (see table). (CONTINUED - 865 WORDS)
