ADSERO Assists Chimera Investment to Acquire 45% of GB Lease & Factoring S.A.E

We are pleased to announce that we assisted Chimera Investment acquire 45% of GB Lease, a subsidiary of GB Auto, for EGP 855 mn. This transaction comes as the latest episode in a series of investments made by Chimera in the non-banking financial services sector in Egypt and shows its confidence in the Egyptian market and the high prospects of this developing sector of the Egyptian economy.

Our team was led by Ahmed Abdelgawad, Partner and Co-Head of M&A and Capital markets, IbrahimElGengehy, Counsel, assisted by Farida Banany, Managing Associate, Soha Hussein, Associate and Junior Associates Farida Koura and Yasmine Badawy and with the support of Ehab Fedaa, Partner and Head of General Corporate and Ibrahim ElMessery, Senior Associate.

For more information, you can check Enterprise's coverage here.