Petroleum Africa
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Thursday, June 2, 2016
Investbridge Capital arranged and advised on a cross-border $25 million (AED 92 million) convertible loan by the International Financial Corporation (IFC) to Carbon Holdings, an Egyptian developer and operator of petrochemicals projects.
Through its new TPC development, Carbon Holdings will be one of the largest petrochemicals developers and operators in Egypt.
Mark DeSario, CEO, Investbridge Capital says: “We are proud to be associated with Carbon Holdings and are pleased to support them in their impressive growth story. Over the last five years Investbridge has been working closely with the Carbon Holdings team, and we are delighted that our deep understanding of the company has helped structure such a high profile financing, bridging a key international funding source with one of Egypt’s most promising industrial ventures. It is clear that this partnership with IFC will enable Carbon Holdings to keep expanding and, at the same time, to contribute to the industrial growth of the country. This landmark transaction will have a positive impact on the Egyptian economy, creating value and jobs.”
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