Robeco enters Egypt

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EGYPT - Robeco said it will enter the Egyptian market through a convertible loan arrangement with local firm Obelisk, which can be exchanged for a 49% stake in the company's equity.

Obelisk Portfolio and Investment Fund Management SAE, an asset manager established in Cairo, was founded earlier this year by Dr. Sameh el-Torgoman, former chairman of the Egyptian stock exchange a...

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