Abu Qir to obtain EUR105mn in debt to finance debottlenecking projects
Abu Qir is set to obtain EUR105mn from a consortium of local banks to finance its plants debottlenecking project, according to a company release. The total cost of the project comes at EUR133.6mn, which will be implemented by Thyssenkrupp Industrial Solutions. It is worth noting that the debottlenecking is related to the nitric acid and nitrates plants.
Abu Qir Fertilizers: EGP27.94 as of 16 May 2018, Rating: Neutral, TP: EGP31.00/share, MCap: USD1,965mn, ABUK EY/ABUK.CA
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