According to bank provided information, the investment involves the provision of a MAD 65.0 million senior unsecured loan to Plastikpack Maroc (PM), a Moroccan manufacturer of plastic packaging. The financing will support the expansion of its current facilities, the acquisition of equipment for production of pharmaceutical packaging, the set-up of a greenfield facility for manufacturing of plastic pallets and crates made from recycled polypropylene, the construction of a new building, in accordance with Building Research Establishment Environmental Assessment Method (BREEAM) standards and a working capital increase.
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