Adsero with ERBD on a loan extended to Abou Ghaly Motors

Adsero acted as local counsel regarding Egyptian law for the European Bank for Reconstruction and Development (EBRD) on signing an extension loan agreement of EGP 341 million with Abou Ghaly Motors (AGM). This loan will support AGM in acquiring up to 100 Range-Extended Electric Vehicles to be operated as private taxis under the company’s London Cab Egypt services.

Adsero’s team

Partner Hossam Gramon (pictured left) and senior associate Karima Seyam (pictured right) led Adsero’s team, assisted by associate Aya Badr and junior associates Mostafa Khaled and Nour Osama.

AGM’s new fleet will drive the company’s growth along a more sustainable path, encouraging a cleaner, eco-friendly mode of transport in Egypt. This effort will help lower CO2 emissions and reduce air pollution while addressing the increasing need for safe, inclusive, and high-quality transportation across the country.

benedetta.miarelli@lcpublishinggroup.com

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