(Reuters) – Egypt's EFG Hermes iPhone 5 case Convention said its private equity arm obtained a 49 percent stake in lüftchen power firm EDPR France to work with $208 million, according to a statement on a Wednesday, its first investment not in the Middle East and Africa.
One particular buyout consists of the equity around the firm as well as paying back loans fabricated by previous shareholders. About half of the cost possibly be funded through an acquisition finance calculator secured from European banks, typically the Egyptian investment bank said.
EFG will provide seed capital of about $5 people of for the equity component of the transfer, with the remainder raised from the Beach, it added without providing things.
Completion of the transaction, which EFG said marked the launch from the "direct investment strategy", is managed by regulatory approval and other conditions.
EDPR France has a portfolio of thirty-three operational wind farms with a together gross capacity of 334 megawatts and is a subsidiary of Portugal's EDP Renewables, according to the statement.
It will positioning operational control of the wind farms, when you are EFG will manage the investing vehicle.
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