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Wednesday, 10 May 2017

EPPC planning to invest USD 1 bn in expansions next year

INVESTMENT WATCH- The Egyptian Propylene & Polypropylene Company (EPPC) is planning to invest USD 1 bn in expansion during the first quarter of next year, Al Borsa reports. The expansion will be funded through a capital increase and debt instruments, Amwal Al Khaleej’s Cairo boss Karim Saada tells the newspaper. Amwal owns 16.4% of EPPC.

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