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Egypt: Ezdehar Egypt Mid-Cap Fund and NBK Capital submit bids to acquire interest in MisrCafé

Friday, 16 March 2018 16:31

(Ecofin Agency) - Ezdehar Egypt Mid-Cap Fund and NBK Capital, respectively private equity firm specialized in the funding of Egypt-based medium-size enterprises and the National Bank of Kuwait’s investment branch, have each made a bid to acquire a majority stake in MisrCafé, an Egyptian instant coffee producer and roaster. The information was revealed by the country’s media without more details.

 Arqaam Capital, the investment bank specialized in emerging markets, will help analyze these offers as MisrCafé’s financial advisor . 

Let’s recall that in 2015, the investment company Abraaj Capital had initiated negotiations with the coffee producer’s major shareholders to acquire a majority stake. These negotiations were unsuccessful, however.  

Chamberline Moko





 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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