The European Bank for Reconstruction and Development (EBRD) has signed a EUR 44 mn loan agreement with Beyti Food Industries, the EBRD announced yesterday. “The loan includes a committed tranche of up to EGP 150 mn and an uncommitted tranche for up to USD 35.5 mn or EGP equivalent.” Beyti will use the loan to refinance some of its existing short-term loans used for capital expenditures and finance planned expansions to Beyti’s dairy and juice production capacities. The dairy and juice producer will also use the financing to reduce its carbon footprint. The bank had approved the loan back in January.

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