Egypt: Gourmet Egypt Plans IPO On EGX Through Secondary Share Sale

Gourmet Egypt, a food producer and distributor controlled by B Investments Holding, is preparing to list on the Egyptian Exchange, according to people familiar with the transaction.

The offering will be structured as a secondary sale, with B Investments and other shareholders offering up to 190.51 million existing shares. The shares represent about 47.6% of Gourmet Egypt’s issued share capital. After the listing, B Investments will retain a 40% stake in the company.

The IPO will include two…