Evergrow settles on site for EGP 9.5 bn plant, in talks with partners to set ownership stake

Fertilizer producer Evergrow has settled on East Beni Suef as the site of the EGP 9.5 bn fertilizer plant it announced it was building late last month, said company chairman Mohamed El Kheshen. He tells Al Mal that Evergrow is in talks with a consortium made up of Borealis and EcoPhos to determine their ownership stakes in the project after signing a partnership agreement with the companies. Evergrow’s share in the plant is expected to be 25%, said El Kheshen.