Emerging Investment Partners (EIP) has fully acquired General Cable Egypt, said Wassim Heneine, EIP's Managing Director.
The agreement was closed for an undisclosed sum. According to sources close to the deal, the investment included $10 million – $12 million in equity, and the rest in debt from shareholders.
The project involves expanding the production of low-voltage cables, and the possibility of introducing the manufacture of medium-voltage cables, he said.
The compa...
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