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Europe Daily Bulletin No. 9022

8 September 2005
Contents Publication in full By article 38 / 39
GENERAL NEWS / (eu) eu/eib
$150 million loan for cement plant in Nigeria

Luxembourg, 07/09/2005 (Agence Europe) - The European Investment Bank, the European Union's long-term lending institution, has signed loan facilities totalling USD 150 million (EUR 123 million) with Obajana Cement PLC, a subsidiary of Dangote Industries Limited of Nigeria. USD 110 million is guaranteed - for commercial risks only - by Eksport Kredit Fondsen (EKF) of Denmark for USD 70 million and by other international banks. The plant will substitute about 60% of current cement imports and...

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