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FINANCIAL NEWS
EuroMena to acquire stake in Moroccan Retail Holding
26 Jun 2017
(MENAFN) The major private equity fund based in Lebanon, EuroMena, said it bought stake in Retail Holding, the large Moroccan retailer.
As its 19th deal for Retail Holding, the fund will enjoy a wide network and significant market knowledge in line with its growth strategy for the North and Sub-Saharen Africa regions.
For EuroMena, this is the fourth investment of EuroMena following its previous funding of Elephant (FMCG, Nigeria) in Indigo Company, and Credit Libanais.
However, the group recently had started expansion in Africa by the acquiring CDCI (Compagnie de Distribution de C”te d”Ivoire), the second largest player in food distribution in Ivory Coast.
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MENAFN2606201700450000ID1095581248
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