Egypt to sell up to 4 pct of Eastern Tobacco stake on Cairo exchange: Ministry

Reuters , Monday 28 May 2018

Eastern Tobacco
File Photo: Inside Eastern Tobacco Co. (Photo: Al-Ahram)

Egypt’s state-owned Holding Company for Chemical Industries has agreed to sell up to 4 percent of its stake in Eastern Tobacco on the Cairo exchange, Minister of Public Enterprise Khaled Badawy said in a statement on Monday.

Badawy, who also heads the holding company, said the move is part of the government’s broader initiative to sell stakes in various state companies on the Cairo exchange. 

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