Macro Group Pharmaceuticals intended to float an unspecified part of its stake in the second half of 2021, informed sources told Al Mal News.

Macro hired CI Capital Holding for Financial Investments and Renaissance Capital for managing the initial public offering the news website added.

Early 2020, Alta Sumber Capital, which owns 80% of Macro, announced its intention to offer its unit on EGX in the fourth quarter of 2020, Al Mal highlighted.

However, the offering has been postponed due to the COVID-19 pandemic.

Macro is a cosmeceutical company that was established in 2002 with its headquarters located in Cairo.