Privatization

Our Privatization division is well poised to play a major role in upcoming privatization both in the local market as well as regionally and internationally.

Their dedication to professional excellence is well proven by an exceptional track record. We are currently acting as advisor to the Egyptian government in the privatization of Telecom Egypt - IPO tranche, the first utilities privatization in Egypt, and are joint Global Coordinators for the offer together with ABN AMRO Rothschild. In this regard, CIB has been quite active in strategic acquisitions advisory on a large number of transactions including tourism, fertilizers, industrial, telecommunication, food, beverages and building materials. CIB together with Merrill Lynch act Telecom Egypt's advisors for the sale of a tranche to a strategic partner.

To conclude, our privatization division operates within the following guidelines and objectives:

• Achieve a timely and efficient sale of the government shares;
  
• Provide for widespread domestic and international participation;
  
• Ensure that the offering is seen as successful, both in terms of the offering and performance of the shares in the aftermarket; and
  
• Maximize value and minimize risks within the above constraints.
  

Further, our aim is to extend our activities regionally to the most economically viable environments, among which comes both the gulf area and Algeria within the above guidelines.

Our team will, supported by lawyers and auditors, lead the legal and commercial due diligence processes, identify potential issues that require resolution prior to the offer, laison with auditors with respect to disclosure of financial statements, and equity story to be presented to investors, conduct a valuation report determining the Enterprise and Equity Value and the recommend a optimum offer size, share price and size of separate trances in case an international and local offer are being contemplated.