Gulf Cryo, the leading regional industrial gases manufacturer with presence in more than 10 countries, has announced the signing of its JV establishment with El Sewedy Capital Holding, a privately held family office. The transaction represents a milestone in the Egyptian industrial gases market and will allow Gulf Cryo to further expand and strengthen its presence in the Egyptian market.
The JV is set to build a new air separation unit in Cairo with the aim of becoming the top player in the market. deNovo Corporate Advisors, the UAE-based investment bank, advised Gulf Cryo on the transaction. deNovo is currently advising on EGP 3 billion worth of transactions in the Egyptian market and continues to be optimistic about the long term prospects of the Egyptian economy, commented Karim Amin, Head of Egypt at deNovo. Matouk Bassiouny & Hennawy acted as legal advisor to Gulf Cryo.
Karim Amin
Executive Director
deNovo Corporate Advisors
Emirates Towers, Level 25 | P.O. Box 9948, Dubai, U.A.E.
Office: +971-4-507-1000 | Fax: +971-4-507-1001
karim.amin@denovoca.com
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