(MENAFN) Saud Consult, a major engineering firm, has purchased a 20 percent stake in Egyptian firm Power Generation Engineering and Services Company (PGESCo), according to Arab News.
Saud Consult bought the stake with BPE Power and BPE Investments, top investment vehicles managed by Cairo-based Beltone Private Equity, which own more than USD434 million in assets under management.
Saud Consult will acquire 20 percent of the shares, while BPE Power and BPE Investments will acquire another 20 percent shares, totaling 40 percent of the Egyptian firm.
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