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Abraaj Capital agrees to sell 100 pct of Abraaj Egypt to Dubai Financial Group - Daily News Egypt

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Abraaj Capital agrees to sell 100 pct of Abraaj Egypt to Dubai Financial Group

Abraaj Capital has agreed to a transaction with Dubai Financial Group, a subsidiary of the Dubai Group, whereby the latter will acquire 100 percent of Abraaj Egypt Ltd. and Abraaj SPV 26 Ltd for a total consideration of approximately $ 1.1 billion, according to press statement by EFG-Hermes. The acquired companies collectively own 24.62 percent …


Abraaj Capital has agreed to a transaction with Dubai Financial Group, a subsidiary of the Dubai Group, whereby the latter will acquire 100 percent of Abraaj Egypt Ltd. and Abraaj SPV 26 Ltd for a total consideration of approximately $ 1.1 billion, according to press statement by EFG-Hermes. The acquired companies collectively own 24.62 percent of EFG-Hermes Holding Company

Topics: FJP

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https://wwww.dailynewssegypt.com/2007/11/19/abraaj-capital-agrees-to-sell-100-pct-of-abraaj-egypt-to-dubai-financial-group/
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