The Clap
Private equity investor B Investments has signed two agreements with the Sovereign Fund of Egypt (SFE) to invest in the healthcare & pharmaceutical distribution sector in Egypt.
What
One agreement will see the SFE’s healthcare-focused fund invest EGP 100 million in “B Healthcare Investments”, a B Investments subsidiary, & the other agreement will see B Healthcare Investments invest towards the SFE’s healthcare fund.
So what
B Investments had said it plans to use the proceeds from its sales of “Giza Systems” & “Total Energies” to invest in the healthcare & food & beverage industries.