Lebanese EuroMena II fund buys 51% of Egypts hospital group Al-Oyoun Al-Dawali.

By bne IntelliNews April 12, 2012
Lebanon-based equity fund EuroMena II has acquired a 51% stake in Egypts eye surgery hospital group Al-Oyoun Al-Dawali, Daily Star reported citing the funds senior investment manager Wassim Heneine. The value of the deal was not disclosed. Through this investment, EuroMena II aims at expanding into the health care sector in various MENA countries. The fund has a capital of USD 100mn. In October, the fund invested USD 13.5mn in the Lebanese electronics and appliance distributor Khoury Home.

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