Egypt's El-Garhy working on 25% share offering

By Serife Durmus / January 15, 2018 / www.metalbulletin.com / Article Link

Egypt's El-Garhy Steel is working with an investment bank on an initial public offering (IPO) that will advance its plans to put up 25% of its shares for trading on the country's stock exchange in the second half of 2018, it said on Sunday January 14.

It announced its plans to be listed on the exchange in August 2017.El-Garhy plans to increase its production capacity to 2.4 million tonnes...

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