ACC signs cement plant loan agreement
Algerian Cement Company (ACC), a subsidiary of Egypt's Orascom Construction Industries (OCI),signed on 27 June a $112 million debt package to part-finance the construction of a second cement production line at its M'sila plant, 240 kilometres southwest of Algiers. The facility includes a $15 million, 12-year loan from the European Investment Bank (EIB) and a $10 million loan from the International Finance Corporation (IFC). Danish export credit agency Eksport Kredit ...
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