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Egypt is seeking to raise up to 100 billion pounds ($5.7 billion) by selling stakes in more than 20 state-owned companies, including additional shares in market heavyweights Eastern Tobacco and Abu Kir Fertilizers & Chemicals.Shares of the listed companies climbed.Egypt has been promising for two years to IPO stakes in state-run companies, part of an effort to boost the stock exchange and restructure bloated public-sector companies by making them accountable to investors. Heliopolis Housing rose 4.7 percent to 38.2 pounds per share and Abu Kir Fertilizers gained 1.8 percent to 33.58 pounds per share.
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