{"id":79856,"date":"2023-10-04T01:04:29","date_gmt":"2023-10-04T01:04:29","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/"},"modified":"2023-10-04T01:04:29","modified_gmt":"2023-10-04T01:04:29","slug":"oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/","title":{"rendered":"OIH finalizes sale of Brazil subsidiaries to finance renewables projects"},"content":{"rendered":"

<\/a> Egypt\u2019s Orascom Investment Holding (OIH) has finalized the sale of its <\/strong>subsidiaries in Brazil<\/strong> for some USD 18 mn, the company said in a statement (pdf)<\/a> on Monday.<\/p>\n

The money is partially going towards green projects:<\/strong> The proceeds from the sale will be directed towards renewable energy projects, in addition to the company\u2019s new investments in touristic destination developments, the statement said. OIH did not specify how much money is being earmarked for the renewable projects, nor did it say which projects will receive financing from the sale\u2019s proceeds.<\/p>\n

OIH\u2019s green portfolio is on the rise:<\/strong> OIH\u2019s board of directors approved investments<\/a> in EVs in April and signed a strategic partnership agreement with BluEV<\/a> in May through which the two companies will convert two and three-wheeled vehicles to electric models. It also announced in May exploring investments in Uzbekistan\u2019s renewables<\/a> and the hospitality sector, as part of a USD 1.2 bn investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s Orascom Investment Holding (OIH) has finalized the sale of its subsidiaries in Brazil for some USD 18 mn, the company said in a statement (pdf) on Monday. The money is partially going towards green projects: The proceeds from the sale will be directed towards renewable energy projects, in addition to the company\u2019s new investments […]<\/p>\n","protected":false},"author":1,"featured_media":79857,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2016],"tags":[11,1887,660,79,1889,88,1888],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-enterpriseclimate","tag-investments","tag-ma","tag-ma-watch","tag-oif","tag-renewables","tag-subsidiaries","wpautop","entry"],"acf":{"mongo_id":"53beef44-a9a2-435e-b290-0d20c0eb3dc6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1550.jpg","photo_position":"above","related_issue":[79840],"teaser":"","voice_url":""},"yoast_head":"\nOIH finalizes sale of Brazil subsidiaries to finance renewables projects - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OIH finalizes sale of Brazil subsidiaries to finance renewables projects\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s Orascom Investment Holding (OIH) has finalized the sale of its subsidiaries in Brazil for some USD 18 mn, the company said in a statement (pdf) on Monday. The money is partially going towards green projects: The proceeds from the sale will be directed towards renewable energy projects, in addition to the company\u2019s new investments […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T01:04:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1550.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OIH finalizes sale of Brazil subsidiaries to finance renewables projects\",\"datePublished\":\"2023-10-04T01:04:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1550.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseClimate\",\"investments\",\"M&A\",\"M&A WATCH\",\"OIF\",\"renewables\",\"Subsidiaries\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2023\/10\/04\/oih-finalizes-sale-of-brazil-subsidiaries-to-finance-renewables-projects\/\",\"name\":\"OIH finalizes sale of Brazil subsidiaries to finance renewables projects - 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