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Tag: National Automotive Company
Mercedes

Mercedes Benz local partner NATCO plans EGP 1 bn bond sale to enter EV market

Posted: August 4, 2021 at 8:27 pm   /   Electricity & Power

A EGP 1 bn bond issuance could help Mercedes’ local partner enter the EV market: The National Automotive Company (NATCO) plans to offer bonds worth EGP 1 bn to expand its distribution network and enter the electric-vehicle (EV) sector, the company said in an emailed statement. The production and distribution partner of Mercedes-Benz passenger cars in Egypt […]

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