Potential buyers include prominent players such as the UAE’s AD Ports and DP World, the sources stressed
The Egyptian government is planning to offer stakes in Port Said Container and Cargo Handling Company (PSCCHC) and Damietta Container and Cargo Handling Company (DCHC) through initial public offerings (IPOs) on the Egyptian Exchange (EGX), according to anonymous sources cited by Al Mal News.
The IPOs are expected to take place in the first quarter (Q1) of 2025, the sources added.
They also project the government would offer 20-25% stakes in each company, focusing on attracting strategic investors through private placements.
Potential buyers include prominent players such as the UAE’s AD Ports and DP World, the sources said.
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It is noteworthy that Damietta Container Handling Company Welcomes ONE Shipping Line Delegation and Announced New Services to Strengthen the Egyptian Market A New Step Towards Leadership: Damietta Container Handling Company Launches LEX and AD1 Services in Partnership with ONE Shipping Line As part of its commitment to the Egyptian state’s vision of positioning Egypt as a hub for logistics and maritime transport,
The new services (LEX and AD1) will call at Damietta Container Terminal with a weekly frequency starting January next year. This marks the beginning of future cooperation with ONE Line at Damietta Container Terminal, ensuring the delivery of top-tier services and paving the way for enhanced collaboration in the coming years.
The service details are as follows: • LEX Service: Connecting Hamburg (Germany), Rotterdam (Netherlands), Antwerp (Belgium), London Gateway (UK), Damietta Container Terminal (Egypt), Alexandria Port (Egypt), and Mersin (Turkey). • AD1 Service: Connecting Koper (Slovenia), Venice (Italy), Piraeus and Thessaloniki (Greece), Damietta Container Terminal (Egypt), and Alexandria Port (Egypt).
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