Edita secures two medium-term loans worth cEGP230mn
Edita Food Industries (EFID.CA) announced that it has been granted a EGP170mn medium-term loan from Arab Bank to finance the construction work of its new E08 plant. The EGP-denominated loan is repayable over seven years, including the grace period. Moreover, the company has secured a second loan worth EUR6mn (cEGP59.45mn) repayable over 7.5 years to finance a new production line. (Mubasher) Edita Food Industries: EGP9.63 as of 05 October 2016, Rating: Neutral, FV: EGP11.80 per share, MCap: USD787mn, EFID EY / EFID.CA
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