Investment, public enterprise ministries said divided on IPOs for public-sector companies: Public Enterprise Minister Ashraf El Sharkawy reportedly used last week’s cabinet meeting to come out against the government’s plan to sell stakes in state-owned companies, government sources tell Al Masry Al Youm. No public-sector companies have yet been formally put on the IPO track because the initiative has come out of the investment ministry and was allegedly developed “without consulting other ministries,” the source added. El Sharkawy has his own plan to restructure the companies. El Sharkawy, who had always opposed public sector IPOs, had previously made statements distancing himself from the policy and suggested the IPOs would be for companies not under his ministry’s charge.