Almarai's Beyti to invest EGP4bn, undergoes USD55mn capital increase
Beyti, the 52%-owned Egypt subsidiary of Almarai [2280.SE], underwent a USD55mn capital increase. Proceeds from the capital increase will be partly used to finance Beyti's planned EGP4bn investments in Egypt to expand production capacities and distribution capabilities, as well as establishing a dairy farm with a herd of 5,000 cows. (Al Borsa) Almarai: SAR55.65 as of 11 October 2016, Rating: Neutral, FV: SAR48.75 per share, MCap: USD11,872mn, ALMARAI AB / 2280.SE
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