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Egypt’s famed military-owned ChillOut fuel station franchise will be privatised through an initial public offering (IPO), announced Minister of Planning and Economic Development Hala El-Said on 3 December. The announcement, made during an interview with Asharq Business on the sidelines of COP28, marks a significant step in the country’s ongoing privatisation programme. The transaction is expected to proceed following the sales of state-owned petrochemical firms and Wataniya fuel stations. The government’s sale of Wataniya, initially slated for the end of…
