Dentons advises EBRD

Dentons has advised long-standing client the European Bank for Reconstruction and Development (EBRD) on a USD100 million equity investment into Egypt’s agribusiness sector.

EBRD has invested into United Sugar Company of Egypt S.A.E. (USCE), a subsidiary of Savola Group, which is one of the largest food groups in the Middle East and North Africa region.  The investment will involve EBRD converting an existing USD50 million loan to USCE into equity and providing an additional USD50 million in share capital.

The Dentons team was led by Lee Federman with cross-border transactional support from Edward Williams and Ekaterina Pavlycheva in London, Amgad Husein and Mahmoud Abdel-Baky in Saudi Arabia, Michael Lacey, Frederique Leger and Ahmed Kamal in Egypt.