Egypt receives 3 international purchase offers for Wataniya

Updated 11/5/2023 7:45:00 AM
Egypt receives 3 international purchase offers for Wataniya

Arab Finance: Egypt has received three international offers to buy some stake in the military-owned National fuel retailer Wataniya, CEO of The Sovereign Fund of Egypt (TSFE) Ayman Soliman told Asharq Business on November 2nd.

The winning bidder will be announced before the end of 2023, Soliman added.

In August, Taqa Arabia submitted a non-binding purchase offer to acquire a stake in Wataniya.

On May 8th, the Egyptian cabinet revealed that the government started receiving offers from investors seeking to buy shares in the military-owned National Company for Producing and Bottling Water (Safi) and Wataniya.

 

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