M&A WATCH- EBRD closes acquisition of 20% stake in Infinity Solar: The European Bank for Reconstruction and Development (EBRD) has reportedly acquired a 20% stake in Infinity Solar worth USD 60 mn, a source close to the matter told Al Mal. The EBRD announced the investment last October. It will add to infinity’s renewable energy plants, which include one solar plant in 6 October’s Green Belt, four in phases one and two of Aswan’s Benban park, and another one in Aswan.

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