The agreement is designed to provide Egypt with a reliable and sustained supply of imported wheat, a critical commodity for the country’s food-security system.
The three rail-served facilities will give the cooperative greater access to domestic and export markets.
The facility features modern unloading, storage and handling capabilities designed to improve operational efficiency while increasing fertilizer availability during critical application windows.
The legally binding divestiture package serves as the mandatory structural remedy required to clear Vandemoortele’s acquisition of French frozen bakery peer Délifrance.
The facility will provide fresh capital for agricultural supply chains and working capital needs across the continent.