Egypt's anti-drug body launches new awareness phase in Maspero Triangle    Agiba Petroleum starts production from Arcadia-28 at 4,100 BOE/day    Minister El-Shimy pushes for stronger returns, partnerships in real estate, construction sectors    Apparel, textile chambers engage with Chinese delegation to explore investment opportunities in Egypt    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Obama calls for aid access to Gaza, says 'no justification' for withholding food    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Egypt's SCZONE eyes deeper investment, port digitalisation ties with Singapore    Egypt's gold prices slip slightly on July 28th    Egypt's Housing Min. reviews HDP marketing plan    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt foils terrorist plot, kills two militants linked to Hasm group    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Baker McKenzie, Matouk Bassiouny, Zulficar, Zaky Hashem compete to provide legal consultation for ENPPI's IPO
The IPO procedures allow lawyers to present their bids for the competing investment banks
Published in Daily News Egypt on 03 - 07 - 2017

Daily News Egypt obtained a list of main bureaus competing to present legal consultation for the IPO of a share of ENPPI on the stock market.
The list includes Baker McKenzie Law Firm, Matouk Bassiouny Law Firm, Zulficar and Partners Law Firm, and Zaky Hashem and Partners Law Firm.
Sources related to the issue told Daily News Egypt that the offering's regulations allow the lawyers to present financial offers to investment banks, which are competing over providing financial consultations to the IPO process, to select the best offer.
The sources added that Arqaam Capital Investment Bank has allied with Deutsche Bank to manage ENPPI's IPO on the stock market. In addition, the Alexandria Bank has expressed its willingness to participate in the alliance.
The winning alliance to administrate the offering will be announced this month, and then the fair value of the stocks, the promotion operations, and the regulatory authorities' approvals will be determined, according to the sources.
They pointed out that the administrators of the offering will coordinate with the winning alliance to choose the best timing of the offering, so as to guarantee a successful coverage.
Ashraf Ghazali, CEO of NI Capital, predicted that ENPPI's IPO on the stock market would amount to $150m.
According to the general budget for the fiscal year 2017/2018, the government expects EGP 6-8bn in revenues from offering state companies on the stock market.


Clic here to read the story from its source.