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Investec Asset Management acquires Egyptian retailer

A booming middle class, real GDP growth and 100 million population has attracted the company.

Investec Asset Management has completed its first private equity investment in Egypt. It’s acquiring control of a company called Spinneys Egypt, which is a rapidly growing supermarket chain in that country. Peter Baird, the Managing principal: Africa Private Equity at Investec Asset Management tells Nompu Siziba why the company chose Egypt and speaks about what the country, which recently still had some political turmoil, has to offer.

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