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Tuesday, 28 June 2016

Emerging Investment Partners setting up regional direct investment fund

Lebanese private equity firm Emerging Investment Partners (EIP) are setting up a regional direct investment fund with a capital of USD 100 mn, Managing Director Karim Burhani told Al Borsa. The fund is allocating 50% of its capital towards investments in Egypt, he added, noting that EIP is addressing a number of international lenders to discuss contributing to the fund. As we had reported earlier, EIP had acquired 100% of General Cable Egypt from US-based General Cable.

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