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Egypt Investors

 Arab investment firm EFG Hermes invested $208 million in French wind energy firm

efg edp franceArab investors of EFG Hermes investment bank acquired 49% of French wind energy firm for $208 million.

EDPR France, a subsidiary of EDP Renewables, one of the top four global renewable energy firms, has a portfolio of 33 operational wind farms. EFG Hermes has operations in Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE and has more than 800 employees.

EFG Hermes is listed in the Middle East Investors Directory with the code OR29.

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 Link Online acquires web portal Arabia.com

linkonline-dubaibeat.jpgEgyptian investors of Link Online, a subsidiary of OT Ventures, announced the acquisition of Arabia.com, an Arabic web portal.

They have chosen Dubai to be the hub of launching the new look of Arabia.com. OT Ventures' subsidiary Link Online, launched in 2004, has been the force behind some portals including Masrawy.com, Yallakora.com, and Otlob.com and most recently the launch of Jawhara.me, which took place in Dubai.

To see more investors from the Middle East like Egypt's OT Ventures, check our Middle East Investors Directory

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 Egypt's Weather II Investments acquired stake in Canada gold miner for $493 million

lamancha-egypt.jpgWeather II Investments, owned by Egyptian billionaire Naguib Sawiris, confirmed acquiring a stake in Canada's gold miner La Mancha Resources for $493 million USD.

The offer represents a premium of approximately 55.6% to the closing price of the Company's common shares on the TSX. Weather II is one of the many businesses managed by Sawiris. The wider Sawiris Family of Egypt have substantial indirect interests in existing operations in the telecoms, construction and fertilizers, cement, real estate and hotel development industries.

To see a list of investors from the Middle East similar to Waeather II check our Middle East Investors Directory

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 Egyptian VC firm Ideavelopers invests in group buying website

vc egypt deal websiteThe Egyptian venture capital firm Ideavelopers just announced leading a Series A investment round in group buying site Offerna.com

Ideavelopers is a venture capital firm and a subsidiary of EFG-Hermes, the Egyptian private equity firm. The firm manages a $50 million fund focused on early stage technology companies. According to their website, they have invested over $25 million in 17 companies operating inside and outside Egypt. The terms of this deal is not announced. Abdullah Assal is the founder and CEO.

To see a list of venture capital firms from the Middle East check our Middle East Investors Directory

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 Egyptian VC Sawari Ventures invests in two companies

sawari-alzwad.pngVenture capital firm Sawari Ventures announced its launch, as well as initial investments for its first fund in two companies: Alzwad Mobile Services and Vimov.

The fund is sponsored by Naguib Sawiris, chairman of Orascom Telecom. Ahmed El Alfi is its Founder & Chairman, Hany Al Sonbaty its Co-Founder and Managing Partner, while Leslie A. Jump is another Partner from Washington.

Sawari Ventures is listed in the Middle East Investors Directory with the code SIN43.

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Filed under Egypt Investors

More from Egypt Investors ...

  EFG Hermes launched $300 million Syrian private equity fund (March 2010)

  Citadel Capital acquired 49% stake in Sheltam Railways Company (March 2010)

  PepsiCo Joint Venture Acquires Egyptian Dairy and Juice Company (January 2010)

  Egypt's Beltone and Pioneers to form the largest Middle East investment bank (December 2009)

  Egypt investors acquired stake in UK gold miner company for $3.1 million (October 2009)

  Citadel Capital acquired the Nile Company for Food Industries (July 2009)

  Egyptian holding Acquires 35% of Italian clothing firm for $35 million (March 2009)

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