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Gourmet Egypt Seeks Regulatory Approvals Ahead of EGX IPO

Gourmet Egypt.Com for Food Products (“Gourmet” or “GE” or the “Company”), a leading premium grocery retailer, today announced its intention to proceed with an initial public offering (the “IPO” or the “Offering”) of its ordinary shares on the Egyptian Exchange (“EGX”). The Offering is expected to consist of a secondary sale of up to 190,516,824 existing ordinary shares, representing 47.6%…