The Sovereign Fund of Egypt (TSFE), through its healthcare-focused sub-fund E-Z International, has acquired a 20% stake in Care Pharmacies for approximately EGP 75 million. According to Asharq Business, TSFE’s purchase includes 45 branches of Care Pharmacies from its nationwide total of 220 outlets. This acquisition is part of a broader strategic partnership with El-Ezaby Pharmacy aimed at enhancing pharmaceutical services across the country. Notably, in May 2023, TSFE’s Healthcare & Pharma Subfund aligned with B Investments Holding and El-Ezaby Pharmacy to initiate the formation of EZ International, demonstrating their focus on expanding healthcare services.
Healthcare, Private Equity, Pharmaceutical,Egypt
https://www.zawya.com/en/business/healthcare/the-sovereign-fund-of-egypt-reportedly-acquires-20-stake-in-care-pharmacies-goj74eh1