Egypt offers to sell 10% government stake in Telecom Egypt – sources

CAIRO, March 6 (Reuters) - Egypt is offering to sell a 10% stake in state-controlled Telecom Egypt , sources with knowledge of the offer said on Monday.

The Egyptian government owns 80% of Telecom Egypt's shares, while the other 20% already trade on the Egyptian stock exchange. The sale is being managed by local investment banks CI Capital and Ahly Pharos, the sources added.

(Reporting by Patrick Werr; Editing by Kirsten Donovan)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Egypt offers to sell 10% government stake in Telecom Egypt – sources

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio