EBRD, partners acquire Egypt’s Adwia Pharmaceuticals – EgyptToday

  • Date: 17-Nov-2020
  • Source: Egypt Today
  • Sector:Technology
  • Country:Egypt
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EBRD, partners acquire Egypt’s Adwia Pharmaceuticals – EgyptToday

The European Bank for Reconstruction and Development - Photo courtesy of EBRD official website







CAIRO – 16 November 2020: The European Bank for Reconstruction and Development (EBRD) announced Monday the acquisition with other partners of Egypt's Adwia Pharmaceuticals company with total worth of $250 million.

 

EBRD clarified in a statement that this acquisition is to improve the availability and affordability of medicines, using an investment platform with an initial capital commitment of $250 million.

 

“It is committing $75 million to support the company's growth