Egypt postpones tender for license to make cigarettes – sources

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Egypt has postponed a tender for a license to manufacture conventional and electronic cigarettes, two sources in companies selling tobacco there said.

An auction for the license, 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.

Egypt’s Industrial Development Authority informed companies about the postponement a day before the deadline to lodge bids, the sources said, adding that some had asked authorities to halt the bidding round.