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Wednesday, 10 October 2018

Enppi IPO to include GDR program

** #4 IPO WATCH- Enppi IPO to include GDR program: The IPO of state-owned energy contractor Enppi is expected to include global depository receipts (GDRs) on the London Stock Exchange alongside a sale of shares on the EGX, government sources said yesterday. The Oil Ministry confirmed over the weekend that Enppi, the first company of the state privatization program to list, is expected to sell 24% of its shares. The ministry did not confirm the timing. CI Capital, Jefferies International Limited, and Emirates NBD are managing the IPO.

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