Egyptian investment bank FEP Capital expects to complete initial share offering of business tycoon Ahmed Abou Hashima’s Egyptian Media Company in 2018, FEP chief executive Omar El Maghawry said Tuesday.
FEP Capital, part of regional First Equity Partners (FEP), is a private Equity, investment banking, and consultancy company; it is the most recent investment bank working in Egypt.
Earlier, Egyptian Media Company has picked in September FEP Capital as the lead advisor for its planned initial public offering on local stock exchange.
The agreement includes a financial restructuring process of Egyptian Media Group and all its affiliates to integrate activities in different companies and financial savings, in preparation for an IPO on Egypt’s stock exchange (EGX), El Maghawry said in earlier statement following the signing.
He added that there is a plan for the group’s financial future, which would include setting up and rehabilitating any future expansions whether by pumping new investments, or acquisition of other entities. The plan will also involve examining all market and competitive opportunities that will complement the group’s activities, El Maghawry said.
