London—Dentons has advised long-standing client the European Bank for Reconstruction and Development (EBRD) on a US$100 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 US$50 million loan to USCE into equity and providing an additional US$50 million in share capital.

Commenting on the deal, Finance partner Lee Federman said: "We are delighted to have advised EBRD on this further investment into the region. The bank has invested over €1.6 billion in Egypt through 31 different projects since 2012, and this investment demonstrates its continued commitment to supporting multiple sectors in the country."

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

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com