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بوابة الشروق
Source: بوابة الشروق
20 Hrsبوابة الشروق
Source: بوابة الشروق
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The Assistant to the Prime Minister and head of the State-Owned Enterprises Unit, Hashem El-Sayed, said that the sale of a 45% stake in Banque du Caire on the stock exchange was “a very good offering” and that the bank’s management would not change. The bank’s market capitalization stood at EGP 80.8 billion, while the offering was valued at more than EGP 36.3 billion and comprised over 6.8 billion shares. The public offering was oversubscribed 27 times and the private offering seven times. He added that the aim was to strengthen governance of the state’s role and improve disclosure, and that the offering attracted more than half a billion dollars transferred from abroad.
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