The Egyptian billionaire explosive Saris says that the best private stocks have ended

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The private stock industry exceeds its peak and faces a tremendous challenge in selling trillion dollars of assets, according to the Egyptian industries and the Nassef Sawiris.

Soris, who invested parts of his wealth in the money in multiple acquisition companies, said that he and others who support private stock boxes have been frustrated because there were no distributions in recent years. Companies have been struggled to get out of investments amid a slowdown in the postpartum manufacturing and initial public offers.

“Special stocks have seen their best days.

(Investors) are extremely frustrated. They tell them (acquisition companies): “I have not seen any returns, have not returned any money for me in the past five and six years.”

Sawiris took a special target in using “continuity boxes” to recycle capital – a tactic Private property rights Groups, instead of selling an asset to another owner or inserting them publicly, transfer the original to a new box where they still maintain control.

“The continuation boxes are the biggest fraud ever because you say” I cannot sell business, and I will lift them again, “said Siris.

The continuation vehicles have grown increasingly popular in recent years, and about 50 percent have risen to $ 76 billion last year, according to a report issued by the investment bank, Holhanhan Loki.

The comments come at a time when Sawiris oversees the disintegration of the chemicals included in the Dutch menu and the OCI fertilizer.

The group in September I agreed to the fourth main disposalRaising the total revenue from asset sales to $ 11.6 billion from the deals that were all caught with trade buyers instead of acquisition stores. It has now sold most of its origins, including global methanol works, fertilizer property and a low -carbon ammonia project in Texas.

OCI used these sales to re -criticize the shareholders. Including the payment to be paid later this week, it has distributed $ 6.4 billion in the past four years, with payment of payments amounting to one billion dollars after closing the sale of methanol.

Soris said that the company is “very fortunate with the timing” to get rid of the disturbances, given the disturbances of the markets that disrupted deals, the turn against investing in more sustainable assets, and the decline in gas prices.

Swiris said In an interview Last year, OCI can be converted into a monetary money company that follows the acquisitions in various industries.

He said he was contacted about the purchase of dozens of companies with asset sales revenues.

Siris said that many of them are owned by private stock groups in the hope of going out, adding that he had not found one of them an attractive goal of a deal.

“A year ago, we looked at 70 different companies that wanted to integrate with OCI because they were used, and obtained a list and all of that … all private shares that could not get a way out,” he said. “We said” like, why are we there to solve the problem of another person? “

He also criticized the priorities of private stock managers, saying they were more focused on raising capital for their investment cars than the operating performance of their conservative companies.

“They spend 90 percent of donations time and 10 percent run companies,” he said. “They are attending the meetings of the Board of Directors, and they have dinner on board, and there is a reason for not implementing the plan.”

After decades of expansion, the assets of the private stock industry under management Decreased last year For the first time since Bain & Co, the consulting company began to track the origins of industry in 2005.

Industry assets in June 2024 decreased by only 2 percent on an annual basis to $ 4.7 trillion, and the acquisition groups faced other challenges with the fluctuation of the market launched by the American definitions Deals.

Investment groups have faced a problem in selling assets after purchasing them in high reviews in recent years, making donation efforts.

In the midst of the broader challenges facing the private stock industry, Soris said that the best groups in the success situation are those that have grown greatly sufficiently as financial institutions such as Blackstone To challenge the main lending banks.

“The only men who have a future are players who have found a suitable place to be a competitor to JPMorgan and Bank of America.”