Egypt evaluates Blackstone unit's offer to take over power plants

Egypt evaluates Blackstone unit's offer to take over power plants

Photo: Bloomberg

Egypt is considering offers from a Blackstone Group unit and Edra Power Holdings Sdn Bhd of Malaysia to take over three power plants co-built by Siemens AG — a move that could cut the North African nation’s debts while bringing in much-needed foreign investment.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter