The EuroMena Fund announced yesterday that it has exited from regional insurance player Chedid Capital Holding (CCH) and sold its stake in the company to Saudi Al Rashed Group's affiliate company, Rimco. The deal was closed last month at an investment return of 2.4x money multiple, as announced. In 2008, the fund invested $6 million in CCH, which makes the stake sold at $14 million.
CCH operates insurance and reinsurance companies in nine countries across Europe, the Middle East, and Afri...
Article details
No comments:
Post a Comment