Carbon Holdings eyes dual listing by end of 1H2019
IPO WATCH- Carbon Holdings eyes dual listing by end of 1H2019: Carbon Holdings is looking to raise as much as USD 250 mn from a dual listing on the EGX and London Stock Exchange by the end of 1H2019, our friend Managing Director of Corporate Finance and Investor Relations Karim Helal tells Al Masry Al Youm. Carbon had previously announced its intention to IPO in Egypt by December. While the ultimate size of the listing has yet to be determined, the Basil El Baz-led company will offer no less than 20% of its shares, according to Helal. Sources previously told us that the stake sale could be the largest in Egypt since 2011 and could value the company north of USD 1 bn.
Advisors: EFG Hermes is acting as advisor and global coordinator for the IPO, Baker & McKenzie is local legal counsel, and White & Case is international counsel.