The Alexandria Mineral Oil Company (AMOC): A Stratgic Assessment of AMOC'S IPO
Eskandar Tooma:
June 2011
The privatization program in Egypt has been one of the cornerstones of economic reform. Alexandria Mineral Oils Company (AMOC) is a state-owned enterprise, which was partially offered to the public in September 2005. This case examines AMOC’s initial public offering (IPO) process and the main parties involved. Although AMOC’s IPO was considered a success, the case highlights an important dilemma. AMOC’s stock price increased from 45 L.E to 65 L.E in less than a week, making the companies P/E no longer attractive. This triggered the question of whether AMOC can still attract a strategic investor.
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