OCI Welcomes Potential US$ 350 Million Debt and Equity Investment by IFC
Orascom Construction Industries (OCI) announced today - 4th of July 2011 - that the IFC, a member of the World Bank Group, is considering a debt and equity investment package of US$ 350 million with the group consisting of a US$ 200 million loan to its Fertilizer Group, a US$ 100 million loan to its Construction Group, and a US$ 50 million equity
investment by acquiring shares in the company. The investment is subject to IFC board approval, which could come later in July.
investment by acquiring shares in the company. The investment is subject to IFC board approval, which could come later in July.