{"id":575376,"date":"2020-10-13T04:34:00","date_gmt":"2020-10-13T04:34:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/elsewedy-capital-gulf-cryo-partner-on-new-air-separation-unit-in-egypt\/"},"modified":"2020-10-13T04:34:00","modified_gmt":"2020-10-13T04:34:00","slug":"elsewedy-capital-gulf-cryo-partner-on-new-air-separation-unit-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/13\/elsewedy-capital-gulf-cryo-partner-on-new-air-separation-unit-in-egypt\/","title":{"rendered":"Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt"},"content":{"rendered":"

Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt: <\/strong>Elsewedy Capital has set up a JV with Kuwait\u2019s industrial gas manufacturer Gulf Cryo<\/a> to build a new air separation project in Cairo, according to an emailed statement from deNovo Corporate Advisors<\/a>, the UAE-based investment bank which advised Gulf Cryo on the transaction. The new unit aims to become a leading market player in Egypt, deNovo said without providing further details on the plan.<\/p>\n

DeNovo is currently advising on EGP 3 bn-worth of transactions in the Egyptian market<\/strong> \u201cand continues to be optimistic about the long term prospects of the Egyptian economy,\u201d said Karim Amin, who heads deNovo\u2019s Egypt branch.<\/p>\n

Advisors: DeNovo Corporate Advisors<\/strong> advised Gulf Cryo on the transaction, while Matouk Bassiouny & Hennawy<\/strong> covered legal.<\/p>\n

CLARIFICATION \u2013 13 October 2020<\/span><\/p>\n

El Sewedy Capital Holding is not part of <\/span><\/i>El Sewedy Electric<\/span><\/i><\/a>, which is listed <\/span><\/i>on the EGX<\/span><\/i><\/a>. El Sewedy Capital was <\/span><\/i>established in 2018<\/span><\/i><\/a> and provides portfolio management services.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Capital, Gulf Cryo partner on new air separation unit in Egypt: Elsewedy Capital has set up a JV with Kuwait\u2019s industrial gas manufacturer Gulf Cryo to build a new air separation project in Cairo, according to an emailed statement from deNovo Corporate Advisors, the UAE-based investment bank which advised Gulf Cryo on the transaction. 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