EBRD agrees $44m loan to Egyptian agri company Beyti

The European Bank for Reconstruction and Development is providing Egyptian dairy and juice producer the International Company for Agricultural Industries Projects (Beyti) with a loan of up to $44 million. The loan includes a committed tranche of up to EGP 150 million and an uncommitted tranche for up to US$35.5 million, or EGP equivalent.

The EBRD funding will enable the company to refinance existing short-term loans with a longer tenor loan more suitable for its investment and development phase. The loan will also fund new investments to expand the company's production and logistical capacities.