Cairo – Mubasher: Engineering for the Petroleum & Process Industries (ENPPI) will offer a 24% stake on the Egyptian Exchange (EGX) by the end of 2018, chairperson Mohamed Hathout told Alborsa News.
The state-owned company is currently completing the initial public offering’s (IPO) regulations in collaboration with its advisor NI Capital, Hathout added.
Last January, CI Capital’s CEO Mahmoud Atallah said that the company is managing Enppi’s IPO in coordination with the US’ Jefferies Group and Emirates NBD.
