Egypt’s National Legal Services Authority acquires 24% stake in 3 steel firms

Updated 9/12/2023 10:41:00 AM
Egypt’s National Legal Services Authority acquires 24% stake in 3 steel firms

Arab Finance: Egypt’s National Legal Services Authority has acquired about 24% stake in three steel companies affiliated with the Beshay Steel Group in deals worth EGP 10 billion, Asharq Business reported on September 12th, citing two unnamed sources familiar with the matter.

These firms included Egyptian Sponge Iron and Steel, Egyptian American Steel Rolling Company, and International Steel Rolling Mills.

Established in 1948, Beshay Steel Group is one of the largest iron and steel producers in Egypt with a production capacity of 4 million tons annually.

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