By Ahmed Allam
Cairo – Mubasher: Egypt's deputy finance minister Ahmed Kojek told Mubasher Sunday that EFG-Herms and HSBC have been selected to co-advise on Banque Du Caire's initial public offering (IPO).
"The IPO timing has not been set yet", Kojek added.
Earlier, the bank announced seeking to float a 49% stake rather than 20%, thus lowering Banque Misr's ownership in Banque du Caire to 51%.
