Gov’t wants to lift EgyptAlum’s valuation before deciding on stake sale or SFE transfer
· Egyptian market news
The government is working to lift EgyptAlum's valuation by 3x to 4x before deciding whether to sell a stake or move it to the sovereign fund currently carries a market cap
Two routes are on the table:
REMEMBER- eyeing a stake looking to transfer
Funding appetite is helping the case.
The main capacity lever is Trafigura. earlier this year
Smaller projects are also feeding the valuation case. EGP 6 bn project slate
IN CONTEXT- competing to finance