Egypt’s EFG Hermes sells UK Solar Assets for over $600 million
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 […]
Egypt's EFG Hermes targets managing renewable energy projects
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 […]