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Egypt may sell stake in stock exchange
CAIRO - Egypt is considering selling a stake in the country’s stock market, state-run Middle East News Agency, or Mena, reported on Tuesday.
Shareholders might include banks, financial institutions, brokerage firms and investors, Cairo-based Mena said, citing Ashraf El-Sharkawy, chairman of the Egyptian Financial Supervisory Authority. The government would retain a majority stake. The move requires parliamentary approval, El Sharkawy said.
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