Egypt expects IPO of state-owned ENPPI in Q1 2018 -minister

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CAIRO (Reuters) – Egypt expects an initial public offering of state-owned oil company ENPPI during the first quarter of 2018, Investment Minister Sahar Nasr told Reuters on Monday, later than initially anticipated.

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The minority share offering in oil company ENPPI will be the first in an Egyptian state-owned company in about 12 years.

Nasr had previously said the IPO would take place before the end of 2017, part of a programme over the next three to five years to offer shares in dozens of state-owned companies.

Reporting by Ehab Farouk; writing by Eric Knecht; editing by Jason Neely

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