Ergo Media Ventures set to invest and acquire 49% stake in Film Clinic

EGYPT – Ergo Media Ventures, an Egypt-based investment firm, has entered into a definitive agreement to invest and acquire 49% stake in Egyptian production company Film Clinic. This transaction marks Ergo’s first investment since its establishment. It will be used to transform the company into a professional, institutionalised, end-to-end visual media production and distribution entity. The investment will be a combination of equity that will be used to restructure and build the Company, and debt to finance its projects. “The establishment of Ergo Media Ventures, as well as this investment,…

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