August 20, 2017 / 11:20 AM / in a month

Egypt considering listing FIHC on stock exchange after restructuring -MENA

Egypt's Supply Minister Ali Moselhy. REUTERS/Amr Abdallah Dalsh

CAIRO (Reuters) - Egypt is restructuring its state commodity buyer, Food Industries Holding Company (FIHC), before studying the possibility of listing it on the Cairo stock exchange, Supply Minister Ali Moselhy told state news agency MENA on Sunday.

“The ministry is currently implementing a massive project to develop and automate all 43 companies under (FIHC),” Moselhy told MENA.

Reporting by Omar Fahmy; Writing by Ahmed Aboulenein; Editing by Eric Knecht

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