B Investments to invest EGP 500M in TSFE’s Healthcare and Pharma Sub-Fund
Updated 3/23/2023 9:46:00 AM
Arab Finance: B Investments’ board of directors has approved signing definitive agreements with the Sovereign Fund of Egypt (TSFE) to invest up to EGP 500 million in the latter’s Healthcare and Pharma Sub-fund, according to a disclosure on March 21st.
on January 24th, B Investments announced the signing of two agreements with TSFE to invest in healthcare and pharmaceuticals services in Egypt.
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.
B Investments and TSFE also signed a memorandum of understanding (MoU), under which the company will invest in the TSFE Healthcare and Pharma Sub-fund specialized in investing in the trade and distribution of pharmaceuticals.
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