Misr Could Face IPO Value Scrunity
| May 2, 2010 by Tracey Scott
The forthcoming privatisation of Misr Insurance’s life operations through an IPO could be faced with valuation challenges, a report suggests. In the Egypt Insurance Report for Q2 2010, determining a value for Misr’s life assets that is both reasonable from the point of view of the government and potential buyers “is one of the major challenges”. The report says challenges could arise because the latest premium figures for the Insurance Holding Company, the state-owned enterprise which overseas Misr, have not yet been released.
