EBRD to invest $40M in Egypt, others via SPE Capital’s fund

Updated 10/26/2023 8:06:00 AM
EBRD to invest $40M in Egypt, others via SPE Capital’s fund

Arab Finance: The European Bank for Reconstruction and Development (EBRD) is planning to provide a $40 million equity investment in favor of SPE PEF III, launched by the private equity firm SPE Capital Partners Limited at a total cost of $350 million, the bank announced.

The fund will invest in mid-cap companies in Egypt, Morocco, and Tunisia, with the aim of achieving long-term capital growth.

The bank is expected to approve the investment on November 28th.

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