The Sovereign Fund of Egypt could be looking sell the National Investment Bank’s stake in e-payments platform e-Finance, according to a report in Hapi Journal. The potential transaction would have no impact on the planned springtime IPO of e-Finance, the newspaper adds. The National Investment Bank owns 63.64% of e-Finance, with the remainder divided equally between the National Bank of Egypt, Banque Misr, the Egyptian Banks Company, and the Egyptian Company for Investment Projects, according to its website.

E-Finance is gearing up for a possible IPO in April: The legal procedures and fair value report were slated for completion at the end of January, paving the way for the results to be put to the company’s general assembly in March. Recent domestic press reports had suggested the IPO could go to market by April, while Sarhan said that it could happen during the first three months of the year.

Advisors: Pharos Holding and Renaissance Capital are joint global coordinators. Zaki Hashem & Partners were previously reported to have been retained as legal advisors, while Baker Tilly was tapped to prepare the fair value report. Inktank is investor relations advisor.