FEP Capital acquires 100% of Egyptian Ready Mix Concrete Firm

(Nozz) FEP Capital has acquired 100 percent of one of the local firms operating in the ready mix concrete industry.

This firm, whose capital amounts to 60 million Egyptian pounds ($6.7 million), owns a factory in the CPC Industrial Park in the Sixth of October City.

Omar El Maghawry, CEO of FEP Capital, said the new takeover deal is part of the FEP Capital’s strategy to revive the faltering factories in the country.

FEP Capital is a private Equity, investment banking, and consultancy company; it is the most recent investment bank working in Egypt.