| 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. |
