Brief: MTI Forms Joint Venture With AFIC In Tanzania

MTI Investment AB (publ)

06/03/2023 08:15

March 6 (Reuters) - MTI INVESTMENT SE  MTII.ST :
    * MTI HAS ENTERED INTO TERM SHEET WITH AFIC TANZANIA TO
ESTABLISH
A JOINT VENTURE COMPANY
    * MTI'S INVESTMENT OF ABOUT SEK 350,000 WILL FUND THE
ESTABLISHMENT OF A MODERN RICE BRAN PROCESSING PLANT
    * MTI WILL OWN A 49% STAKE IN FORMED JOINT VENTURE TANSWED,
ALIGNING WITH TANZANIA'S NATIONAL DEVELOPMENT VISION 2025 TO
GROW ITS GROSS DOMESTIC PRODUCT
    * INVESTMENT IS EXPECTED TO BE CONCLUDED BEFORE 30 MARCH
2023
    * INVESTMENT WILL MAKE AN IMPACT ON THE QUALITY OF RICE BRAN
TRADED AND WILL SIGNIFICANTLY CONTRIBUTE TO UN SUSTAINABLE
DEVELOPMENT GOALS-CEO

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQNbNqFXN
 Further company coverage:  MTII.ST  

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