The sources added that the choice came after a comparison between several offers from various companies, pointing out that the study may take about a month.
Sources told Daily News Egypt that the fair value study is expected to be completed within the next few weeks, assuming that the financial control approval will be obtained to complete the deal before the end of this year.
Saudi fund will inject about $200m investment in Egyptian company
Company seeks to take advantage of production opportunities globally: Source
DNE has written earlier about the PIF’s plan to invest in Egyptalum, as a strategic investor, by taking part in increasing the company’s capital. It aims to maintain its current production capacity at a rate of 320,000 tonnes annually.
On Tuesday, the company said that it had launched a tender for qualified and experienced consulting services in developing feasibility studies and implementing the car rims production line project.
The Egypt Aluminium Company (Egyptalum) has revealed that six European and Chinese companies have submitted bids on the tender for a car wheel rims production line. On 21 December, Egyptalum announced the opening of the submissions window on an international tender for the production of car wheel rims, with the session to reveal envelope contents …
The project aims to increase Egyptalum’s production of aluminium, with Bechtel highly qualified in managing aluminium smelters projects.
Company’s revenues decline to EGP 7.254bn in last fiscal year
Company invests about EGP 900m in productive cell overhaul operations
Company considers sales of EGP 171m of its investments in Egyptian Iron & Steel
Ball Corporation’s investment in Egypt reaches EGP 840m, says minister
