(Boursier.com) – Metabolism Explorer (METEX), the leading industrial fermentation company that allows the manufacture of ingredients of natural origin for animal feed, cosmetics and biopolymers, has announced that its subsidiary METEX NØVISTAGO has signed an arrangement authorization and terms booklet for a maximum co-financing. €100 million with Société Générale Coordinator and Co-coordinator, Crédit du Nord/Banque Nuger Co-coordinator, LCL Co-coordinator, Crédit Agricole Brie-Picardie Co-coordinator, Caisse d’Epargne et de Prévoyance Auvergne Limousin Co-Organizer and BNP Pulaire BNP Alsace Lorraine Champagne after they joined the joint venture pool.

This operation consists of EGP 70 million medium term investment credit and EGP 30 million revolving credit. Subject to meeting the usual prior conditions, the co-financing must be signed before May 13, 2022.
This operation will contribute to the financing of the previously announced investment plans of the group that correspond to an amount of 70 million Egyptian pounds over four years, in addition to enhancing public needs.