| Project Detail |
Location: Egypt Project number: 53800 Business sector: Agribusiness Notice type: Private Approval date: 05 Oct 2022 Status: Signed PSD disclosed: 14 Dec 2022 Provision of a USD 40 million senior unsecured loan (the Loan) to Angel Yeast Egypt (the Company), a fully-owned subsidiary of Angel Yeast Co. Ltd (AY). The loan will be used for the expansion of the Companys existing yeast production plant in the city of Beni Suef in Egypt, adding 20,000 tonnes of yeast production capacity. Project Objectives The Loan will be used to partially finance the extension and expansion of Angel Yeast Egypts existing yeast production plant in the city of Beni Suef in Egypt: adding 20,000 tonnes of yeast production capacity, including 15,000 tonnes of dry yeast production capacity and 5,000 tonnes of yeast extract production capacity. |
