Vis Mundi Ltd. , an investment company operating in the FMCG sector of selected high growth emerging markets, announced its full subscription to the latest round of capital increase in EgySwiss Group (EgySwiss), raising its shareholding to a controlling stake.
Established in 2002, EgySwiss is an Egyptian market leading company in high-quality processed meat, fish and poultry, with well-regarded brands in the high-end cold cuts and charcuterie market and one of the most diversified product portfolios within this segment.
Key entities of the group are EgySwiss Food Company (EFC), which produces processed meat and poultry products under its brands Swiss Choice and Dana, Egyptian Company for Food Industries & Cooling (ECFC), which produces processed fish products under its brands Swiss Choice and Sea Star, in addition to Egyptian Company for Investment & Slaughter Houses (EIS) which engages in the slaughtering, freezing, cooling, and processing of poultry.
Salvatore Caizzone, founder and CEO of Vis Mundi, said: “This capital increase is aimed at consolidating and expanding EgySwiss position as a leader in the Egyptian food processing market. Our decision of fully subscribing to this injection round is driven by our strong commitment to the business. Egypt is a key strategic geography for Vis Mundi given its demographic profile and business potential and we will continue to invest actively in this market.”
Source: Hospitality News Middle East