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English news

08-Nov-2016

Juhayna to receive last EGP185mn loan tranche from EBRD

Juhayna Food Industries  (JUFO.CA) is expecting to receive the final tranche of its loan from the European Bank for Reconstruction and Development (EBRD) valued at EGP185mn in the coming period. The company has already previously received EGP315mn, which were 60% used to upgrade dairy capacity, 25% for juice, and 15% for distribution. The company is yet to decide on how to allocate the last tranche of the loan, which will likely be used to increase capacities. (Al Borsa)   Juhayna: EGP4.92 as of 07 November 2016, Rating: Buy, FV: EGP7.00 per share, MCap: USD281mn, JUFO EY / JUFO.CA

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