Friday 10 May 2024
 
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Actis

Abraaj Fund gets $1bn bid from equity firm Actis

UAE-based Abraaj Group’s fund unit, which managed about $14 billion at its peak and was one of the most influential emerging market investors, received a bid from private equity firm Actis for $1 billion, said a report. &nbs

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Lekela to build $350m Egypt wind power plant

Lekela Power, a pan-African renewable power generation company, has signed a deal with Egyptian government to build a 250 MW wind power station in the Gulf of Suez area at an investment of $350 million. Lekela Power is 60 p

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Lekela to build $350m Egypt wind power plant

Lekela Power, a pan-African renewable power generation company, has signed a deal with Egyptian government to build a 250 MW wind power station in the Gulf of Suez area at an investment of $350 million. Lekela Power is 60 p

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Abraaj sells 21pc stake in Integrated Diagnostics Holdings

Private equity firm Abraaj Group said it had sold a 21 per cent stake in Integrated Diagnostics Holdings (IDH), a healthcare diagnostics service provider, to emerging markets private equity firm Actis. IDH, which resulted from the

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Actis buys 50pc stake in Egyptian bank

Actis, an emerging markets private equity specialist, said it has sealed a pact with a key investor to acquire a 50 per cent stake in Commercial International Bank (CIB), a leading bank in Egypt, for $244 million. Actis bought the stake fr

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