Egypt's president says will not sell more public companies

Reuters News
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Posted: Apr 30, 2013 7:43 AM
Egypt's president says will not sell more public companies

CAIRO (Reuters) - Egypt will not sell any more state-owned companies, President Mohamed Mursi said in a speech on Tuesday.

"There will not be any more selling of the public sector again. That is over," Mursi said in a speech to steel and metal industry workers in Helwan during celebrations ahead of Labour Day.

Egypt has not undertaken any major privatizations since 2008.

(Reporting by Omar Fahmy and Asma Alsharif; Editing by Catherine Evans)