Back to the complete issue
Monday, 3 July 2017

Country’s four largest law firms compete for role of legal advisor in Enppi IPO

IPO WATCH- Four of the country’s most prominent law firms are reportedly bidding for the role of legal advisor on the listing of state-owned Enppi on the EGX, sources with knowledge of the matter tell Al Borsa. The list of suitors includes Baker and Mckenzie, Matouk Bassiouny, Zaki Hashem and Partners, and Zulficar and Partners. Investment bank Arqaam Capital has also formed an alliance with Deutsche Bank that looks to serve as bookrunner, the sources add. Enppi’s IPO, which is expected before the end of 2017, is being managed by the state’s investment bank NI Capital and hopes to raise USD 100-150 mn. Sources said NI Capital should be announcing the winners before the end of July

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.