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Tuesday, 26 November 2019

Evergrow in talks with Egyptian banks to restructure EGP 8 bn in loans, facilities

Evergrow Specialty Fertilizers is in talks with a local banking consortium to restructure EGP 8 bn in loans and credit facilities, and is looking to get better terms and a lower interest margin on the loans, unnamed sources tell Al Mal. The consortium includes the National Bank of Egypt, Banque Misr, the Arab African International Bank, and Abu Dhabi Islamic Bank.

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