Egypt puts privatisation programme on hold

08 May 2010

Egyptian investment minister, Mahmoud Mohieldin has said the country's privatisation programme has been put on hold, but selling minority stakes to Egyptians could still be considered, Reuters has reported, citing state daily al-Ahram. Egypt has already sold a big bank as part of financial liberalisation. It tried to sell Banque du Caire in 2008 but the offer price was rejected as too low.

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