Egypt plans to sell stakes in at least ten state-owned firms by the end of 2025, including four military-owned firms, Prime Minister Mostafa Madbouly announced at a televised press conference on 11 December.
The companies, which include military-owned fuel retailers Watanya and Chillout, will be sold to “strategic investors” or offered on the local stock market, Mr Madbouly said, without providing any details on the size of the stakes or the amount of cash the government hopes to raise from the sales. (CONTINUED - 867 WORDS)
