EFG Holding aims to raise $300mln in Vortex 4’s second funding round - News Summed Up

EFG Holding aims to raise $300mln in Vortex 4’s second funding round


Egypt - EFG Holding Group’s Vortex Energy has opened subscriptions for the second funding round of its Vortex 4 fund, aiming to raise $300m. Vortex Energy has committed to investing €625m in Ignis over time and is considering a new acquisition of a significant player in the renewable energy sector. To date, Vortex’s investment in Ignis Energy totals around €398m. The Spanish company’s portfolio now includes solar energy projects exceeding 1 gigawatt capacity, having secured the necessary construction approvals. Established in 2014, Vortex Energy is a renewable energy investment platform backed by EFG Hermes’ direct investment arm.


Source: Daily News Egypt December 14, 2023 18:35 UTC



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