PwC to finalise Egyptian public food firm’s IPO studies in two months

PricewaterhouseCoopers (PwC) plans to finalise in two months its initial studies on the state-run Food Industries Holding Company (FIHC)’s listing on Egypt’s bourse, chairman of PwC Egypt office announced Sunday.

Tarek Mansour, PwC Egypt office chairman, further told Amwal Al Ghad, that the studies include reviewing the technical and financial status of each of the Egyptian company’s affiliates, in cooperation with some major investment banks, notably Beltone Financial.

This comes in line with an earlier announcement by the Egyptian presidency about plans to float some shares in the state-run firms and banks on the country’s stock market.