EXCLUSIVE: Egypt names 8 state railway companies to go public
Egypt’s state-owned Egyptian National Railways (ENR) has chosen eight subsidiaries to sell their shares on the stock exchange under a rebooted privatization programme designed to boost public coffers.
They included Transport Information Technology Company (TransIT), Railway for Integrated Services, Insurance & Cleanliness, Egyptian Railways Maintenance and Services (ERMAS), Egyptian Railways Medical Center (ERMED), and Watania Sleeping Trains and Catering Services Company, informed sources told Amwal Al Ghad on Wednesday.
This is in addition to the Egyptian Railways for Track Renewal and Maintenance Company (ERTRAC), the Egyptian French Company for Maintance and Renewal Tracks (EgyFrail), and M O T Investment.
The selected subsidiaries will sell their shares on the Egyptian exchange for SMEs (NILEX), the sources added.