Arab investors of EFG Hermes investment bank acquired 49% of French wind energy firm for $208 million.
EDPR France, a subsidiary of EDP Renewables, one of the top four global renewable energy firms, has a portfolio of 33 operational wind farms. EFG Hermes has operations in Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia and the UAE and has more than 800 employees.
EFG Hermes is listed in the Middle East Investors Directory with the code OR29.
More details follows