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Tag: EFG Hermes
EFG Hermes

Egypt’s EFG Hermes sells UK Solar Assets for over $600 million

Posted: October 5, 2020 at 10:13 pm   /   Renewables

The deal values Vortex III portfolio at almost $650 million  EFG may invest $600 million building a new renewable portfolio  Egyptian investment bank EFG-Hermes Holding Co. sold a controlling stake in a U.K. solar-energy portfolio to a Malaysian utility in a deal that values the assets at 500 million pounds ($647 million). EFG-Hermes’s private equity […]

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Egypt's EFG Hermes targets managing renewable energy projects

Posted: December 26, 2017 at 12:00 pm   /   Renewables

Egyptian investment bank EFG Hermes aims to manage renewable energy projects totaling 400-500 megawatts in the north African country in the coming three years, said the bank’s energy head Bakr Abdel Wahab. EFG Hermes, one of the largest investment banks in the Middle East, is currently active in the renewable energy sector in Europe through […]

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Amwal AlKhaleej plans IPO of Egyptian Propylene & Polypropylene Co. in Q1-2018

Posted: July 13, 2017 at 1:21 pm   /   Oil & Gas

Middle Eastern private equity firm Amwal AlKhaleej is seeking an initial share offering of Egyptian Propylene and Polypropylene Co. (EPPC) in the first quarter of 2018, regional head confirmed Tuesday. Amwal AlKhaleej has 15 percent of EPPC, whose capital currently amounts to $276 million. The planned IPO aims to finance EPPC’s future expansions in its […]

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ADES offers 40% stake on London Stock Exchange

Posted: June 8, 2017 at 8:04 pm   /   Oil & Gas

Advanced Energy Systems (ADES) has completed offering 40% of its shares on London Stock Exchange early in May at a price of USD 16.50 per share, with total proceeds of USD 278mn. The floatation is managed by EFG-Hermes and Citi Group with Baker McKenzie acting as the legal advisor. Sources told Al Mal newspaper that […]

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EFG Hermes' Vortex Energy closes €550 million wind farm deal

Posted: June 19, 2016 at 9:08 pm   /   Renewables

Egypt’s EFG Hermes said on Thursday that its renewable energy platform, Vortex, had bought a 49 percent stake in an operational 664 MW portfolio of European wind assets from EDP Renovaveis for 550 million euro ($618.26 million). The deal doubled Vortex’s private equity assets under management to $1.1 billion, and took the group’s total to […]

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