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