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Sunday, 11 February 2018

Ezdehar acquires 60% stake in Global Lease

M&A WATCH- Ezdehar acquires majority stake in Global Lease Co: Ezdehar Egypt Mid-Cap Fund signed yesterday an agreement with Wadi Degla Holding Company to acquire 60% of the latter’s Global Lease Company, Al Mal reports. Ezdehar’s limited partners include the European Bank for Reconstruction and Development, the CDC Group, Dutch development bank FMO, and Egyptian business leaders. German development bank KfW’s SANAD fund has a 30% stake in Global Lease, while the remaining 10% belongs to CEO Hatem Samir.

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