Cairo Court Revokes Nile Cotton Ginning Privatization

Egypt’s Supreme Administrative Court has issued a ruling today invalidating the sale of more than 50% of Nile Cotton Ginning – (NCGC.CA) shares on the Egyptian Exchange (EGX).

The State Commissioners had issued a report calling upon the Supreme Court to revoke a ruling issued by the Administrative Court that nullified the company privatization.

Comments
Loading...