The investment involves provision of a USD 60mn (EUR 48mn) long term loan to the Egyptian Fertilizers Company, a joint stock company incorporated in Egypt.
The loan is part of the refinancing of the borrower's existing USD 445mn multi-tranche, multi-currency outstanding debt package. The loan will restructure the company's balance sheet and invest in measures to increase competitiveness.
EFC is a fully owned subsidiary of OCI N.V, a global producer of natural gas based fertilisers and industrial chemicals, listed on Euronext with operations in North America, Europe and North Africa. EFC's plants are located at the port of Ain Sokhna, Egypt's deepest port, approximately 55 km south of the Suez.
Reham El Beltagy
+20 122 2188364
ACCOUNTABILITY MECHANISM OF EBRD
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