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23-Jun-2016

MM Group looking to raise EGP400mn via an IPO

MM Group for Industry and International Trade is seeking to raise cEGP400mn of capital through an IPO of 25% of its shares on the Egyptian Exchange (EGX) in 3Q16. MM Group was established in 1895 and has 24 subsidiaries operating in diversified activities, including MTI, an agent for several global brands including Vodafone, Samsung Electronics, Jaguar, Ferrari, Maserati and Bentley. (Reuters)

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