Cairo – Mubasher: Longreen Capital Advisors (LCA) is planning to invest EGP 300 million to EGP 400 million in several sectors in Egypt within two years, Longreen’s founder and managing partner Ahmed Farouk told Alborsa News.
The company aims at completing two to three transactions during this period in the sectors of food and beverages, retail, export, and production, Farouk added.
LCA seeks to boost the number of Egyptian International Restaurants Company’s (EIR) branches to 30 branches from 12 within three to five years, he highlighted.
On 20 December, LCA announced that it acquired the Cairo-based EIR, the operator of El Omda restaurants chain and other Egyptian restaurants that target the middle class.
