Egypt's president says will not sell more public companies

CAIRO Tue Apr 30, 2013 7:43am EDT

Egypt's President Mohamed Mursi gives a speech at the Koerber foundation for social challenge in Berlin January 30, 2013. REUTERS/Fabrizio Bensch

Egypt's President Mohamed Mursi gives a speech at the Koerber foundation for social challenge in Berlin January 30, 2013.

Credit: Reuters/Fabrizio Bensch

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CAIRO (Reuters) - Egypt will not sell any more state-owned companies, President Mohamed Mursi said in a speech on Tuesday.

"There will not be any more selling of the public sector again. That is over," Mursi said in a speech to steel and metal industry workers in Helwan during celebrations ahead of Labour Day.

Egypt has not undertaken any major privatizations since 2008.

(Reporting by Omar Fahmy and Asma Alsharif; Editing by Catherine Evans)

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