Abu Qir mandates NBE, QNB, Banque Misr to arrange EUR 105 mn

Abu Qir Fertilizers’ board of directors agreed on Tuesday to mandate a consortium made up of the National Bank of Egypt, Qatar National Bank Ahli, and Banque Misr to manage a EUR 105 mn loan for its nitric acid project, the company said in a statement to the EGX (pdf). Germany’s ThyssenKrupp has been tapped to execute the EUR 133.6 mn project, according to the statement.