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Sunday, 26 July 2020

Galina to set up EGP 120 mn greenhouse JV with Germany’s Sun Pharma

Agrifood player Galina-Agrofreeze is setting up a greenhouse production JV with Germany’s Sun Pharma called Sun Pharma Egypt, Chairman Abdel Wahed Soliman told Al Mal. The JV’s total investments amount to EGP 120 mn and Galina will own 25% while Sun Pharma will own the rest. Sun Pharma Egypt will construct greenhouses with advanced irrigation systems that run on renewable energy, a venture that has piqued the interest of international financial institutions, Soliman said.

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