Four local banks finance $450 million for Port Said propylene plant

  • Four local banks finance $450 million for Port Said propylene plant

    Four local banks finance $450 million for Port Said propylene plant

    Thursday, 29th March 2007
    CAIRO: A consortium of four banks, headed by Commercial International Bank (CIB), has finalized a deal with the Egyptian Propylene and Polypropylene Company (EPPC) to finance $450 million (LE 2.6 billion) for the establishment of a new processing plant in Port Said.