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ENPPI inks deal for IPO with CI Capital, Jefferies, Emirates NBD

ENPPI inks deal for IPO with CI Capital, Jefferies, Emirates NBD
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Cairo - Mubasher: The Egyptian Engineering for Petroleum and Process Industries (ENPPI), representing the Egyptian General Petroleum Corporation (EGPC), on Friday has signed an agreement with the alliance of CI Capital, Jefferies Bank and Emirates NBD to offer and promote selling a 24% of the company’s shares on the Egyptian Exchange (EGX).

The Ministry of Petroleum announced the deal, after agreeing in March to list Enppi on the EGX as part of the government's initial public offering (IPO) programme that includes the shares of 23 companies within three years, 11 of which are in the oil sector.