According to the media report, the Egyptian government is exploring the possibility of selling stakes in two publicly listed companies, the Misr Fertilizer Production Company (MOPCO) and the Delta Sugar Company, as part of its broader divestment strategy for state-owned enterprises,
The government is mulling the divestment of its shares in these companies, considering them as close-to-exit investments in which it holds direct stakes. It has come to light that Abu Dhabi Developmental Holding, a sovereign investment fund, has expressed keen interest in acquiring a portion of Delta Sugar, potentially ranging between 20% and 25%, reported Zawya.com.
Delta Sugar Company stands as one of Egypt’s leading sugar producers, commanding a significant market share of approximately 40%. The majority shareholder in the company is the Egyptian Sugar and Integrated Industries Company, affiliated with the Holding Company For Food Industries, owning a stake of 55.73%. Other notable shareholders include Misr Life Insurance (9.07%), Misr Insurance (8.29%), and Egyptian Chemical Industries – Kima (6.46%). Additionally, Delta Sugar Company holds stakes in Faiyum Sugar Works Company (26.8%) and Nobaria Sugar and Refining Company (30%).
