2023-09-03 15:57:51
Global Investment Holding Company of the United Arab Emirates signed an agreement on Sunday to acquire 30% of the shares of the Egyptian company Eastern Company, the Egyptian firm announced.
The deal, worth $625 million, “is an affirmation of the government’s determination to … encourage direct private investment in various sectors,” a statement from the Egyptian cabinet added. (Reporting by Moemen Atallah, writing by Adam Makary and Hatem Maher, editing by Andrew Cawthorne)
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