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Sunday, 9 September 2018

Enppi IPO “likely” to take place in 1Q2019

**#4 EXCLUSIVE- Enppi IPO “likely” to take place in 1Q2019: As for the second phase of the program, it appears that the IPO of state energy contractor Enppi is “likely” to take place in 1Q2019, a Finance Ministry source told Enterprise. While Enppi is also likely to be the first state company to IPO under the privatization program, the source was quick to stress that no final decision on the IPO has been taken. Enppi’s fate will largely be determined by the success of the first wave of share sales, with the shot being called early in the new year. We’re also told that a decision on the size of the listing, initially set at 24%, has yet to made. The source expects that a maximum two state companies will list shares in FY2018-19.

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