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Thursday, 19 July 2018

CIRA taps French law firm Gide to join White & Case as international counsel for planned share offerings

IPO WATCH- CIRA taps French law firm Gide to join White & Case as international counsel for planned share offerings: Cairo Investment and Real Estate Development (CIRA) has reportedly tapped French law firm Gide Loyrette Nouel as joint legal council for its planned international offering, alongside White & Case, according to a source close to the offering. The firm is planning to relist 35% of the company’s shares on the EGX in a transaction that could come as early as October. Some 80-90% of the shares on offer would be reserved for an institutional offering, sources had told us previously. EFG Hermes is global coordinator and bookrunner for the transaction, while Zulficar & Partners is local counsel to the underwriter.

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