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OCI secures loan for DSM deal: paper - Daily News Egypt

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OCI secures loan for DSM deal: paper

Orascom Construction Industries (OCI), Egypt’s biggest listed builder, has secured a loan worth more than €175 million ($212.6 million) to part finance the buying of assets from Dutch chemicals group DSM, a newspaper said on Wednesday. OCI, which also makers fertilizers, said on Tuesday it had completed the purchase of DSM’s melamine and agricultural businesses. …


Orascom Construction Industries (OCI), Egypt’s biggest listed builder, has secured a loan worth more than €175 million ($212.6 million) to part finance the buying of assets from Dutch chemicals group DSM, a newspaper said on Wednesday.

OCI, which also makers fertilizers, said on Tuesday it had completed the purchase of DSM’s melamine and agricultural businesses.

Business daily Al-Mal reported OCI’s investor relations director, Hassan Badrawi, as saying OCI would get the loan, worth more than €175 million, from an un-named Dutch bank. He said the deal was worth €310 million.

The company could not immediately be reached for comment.

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https://www.dailynewsegypt.com/2010/06/02/oci-secures-loan-for-dsm-deal-paper/
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