Egyptian fertiliser company Evergrow is in talks with banks to raise 6 billion Egyptian pounds ($382.4 million) in debt financing, its chairman said on Monday.
The company expects to sign a financing deal with a consortium led by the National Bank of Egypt (NBE) by early October, Mohamed El Kheshen further added
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The loan will help finance the operation of the third phase of Evergrow’s industrial complex in Sadat City, El Kheshen added.
Founded in 2006, Evergrow enjoys a wide global presence as it exports to more than 70 countries worldwide.
