Egyptian authorities have presented an amended invitation for tobacco companies to bid for a licence to manufacture cigarettes, a document seen by Reuters showed, after four firms complained the terms were too narrow.
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By Reuters Staff
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A man smokes a Cleopatra cigarette, produced by Eastern Company SAE, at a cafe in Cairo, Egypt, on October 23, 2018. REUTERS/Mohamed Abd El Ghany/File Photo
CAIRO (Reuters) - Egypt’s has postponed a tender for a licence to manufacture conventional and electronic cigarettes, two sources in companies selling tobacco there said.
An auction for the licence, which would have ended a decades-old monopoly by the state-controlled Eastern Company, was due to be held on Tuesday.
“What we understand . is that the postponement is for an indefinite period . Certainly, the conditions for the auction will be changed if it is held again,” one of the sources told Reuters.