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Abraaj buys stake in Egypt sugar firm

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 24 June 2007

UAE private equity firm Abraaj Capital said on Saturday it had bought a stake in Egyptian sugar company Al Nouran Holding.

Abraaj, which did not give the value of the deal, said the investment would help Al Nouran build a beet-sugar mill and a raw sugar refinery with a total annual production capacity of 514,000 tonnes.

Abraaj bought Egyptian Fertilisers Company earlier this month for $1.41 billion.

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