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| OCI invests in Gavilon Group Orascom Construction Industries, Egypt's largest builder by market value, confirmed its participation in the acquisition of the ConAgra Trade Group (renamed the Gavilon Group LLC. OCI participated with a total consideration of US$ 340 million for an effective 20% equity stake in the business. Gavilon provides physical distribution, merchandising and trading across basic inputs and outputs, including fertilizer products, grains, feed ingredients and energy products. The Gavilon Group, LLC also provides comprehensive logistical and risk-management services to customers in the agriculture and energy markets including commodity infrastructure for agricultural activities. The Group's fertilizer trade activity is the largest independent importer of fertilizer into the United States with 7.1 million tons of fertilizer products sold during fiscal year 2007. write your comments about the article :: © 2008 Construction News :: home page |