Misr Asset Management (MAM) reportedly plans to invest EGP 100 mn to buy into Al Ghurair Group’s Al Canal Sugar refinery, company sources told Al Mal yesterday. The company expects to finalize the terms of the transaction within a month with Al Ahly Capital, which holds a 27% stake in the project through its EGP 1.5 bn investment, for which the National Bank of Egypt is said to be arranging a USD 1 bn syndicated loan.

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