Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Egypt
Cross Border
Friendly
Financial Data and Systems
Majority
financial services
Private Equity
Completed
Synopsis
Amethis, an investment fund manager, EBRD, an international financial institution, and SPE Capital, a private equity firm, completed the acqusition of a majority stake in GlobalCorp, a non-banking financial services company in Egypt, for $52m. “We are very happy to welcome our new partners to GlobalCorp. The backing of leading international financial institutions is a testimony to GlobalCorp’s success and unique profile in the market. We have ambitious plans for the company and look forward to combining our strengths to create value for all our stakeholders," Hatem Samir, GlobalCorp Founder, CEO and MD.
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