B Investments Holding (BINV) has signed two agreements with the Sovereign Fund of Egypt (TSFE) to invest in healthcare and pharmaceuticals services in Egypt, according to a statement filed to the EGX on Tuesday.
As per the first agreement, TSFE Healthcare and Pharma Subfund will invest EGP 100 million in B Healthcare Investments (BHI), a subsidiary of B Investments Holding subsidiary.
On the other hand, B Investments and TSFE have signed a memorandum of understanding (MoU), under which B Investments will invest in the TSFE Healthcare and Pharma Subfund specialized in investing in the trade and distribution of pharmaceuticals.
It is noteworthy that B Investments’ board has agreed to invest an initial amount of EGP 200 million in BHI according on B Investments’ disclosure dated August 13th, 2020.
Established in 2006, B Investments is an Egypt-based private equity firm and growth capital investor that pulls a wealth of expertise to actively create value in its portfolio of companies.
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