Papyrus Australia acquires full ownership of Egyptian joint venture

SYDNEY, AUSTRALIA: Papyrus Australia Limited (PPY), a company that develops banana fibre technology for moulded fibre products, has announced that it has acquired the remaining stake in its joint venture Papyrus Egypt LLC (PPYEg) from Egypt Banaba Fibre Company (EBFC). PPY will issue 15% of its shares to a new company formed by EBFC’s other…