Longreen Capital looking to invest EGP 300-400 mn in two years

INVESTMENT WATCH- Longreen Capital Advisors is planning to invest EGP 300-400 mn in Egypt over the next two years, Founding Partner Ahmed Farouk tells Al Borsa. Longreen plans to close two or three agreements within that time period in the food and beverage, retail, export, and production sectors, according to Farouk. The firm had announced earlier this month its acquisition of Egyptian International Restaurants Company, operator of the El Omda restaurant chain. Longreen plans to increase the company’s branches to 30, up from 12 currently, within three to five years.