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Egyptian investment unit FEP Capital, part of regional First Equity Partners (FEP), has acquired 100 percent of one of the local firms operating in the ready mixed concrete industry.
This firm, whose capital amounts to 60 million Egyptian pounds ($6.7 million), owns a factory in the CPC Industrial Park in the Sixth of October City.
Omar El Maghawry, CEO of FEB Capital, said the new takeover deal is part of the FEB Capital’s strategy to revive the faltering factories in the country.
FEP Capital is a private Equity, investment banking, and consultancy company; it is the most recent investment bank working in Egypt.
