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FINANCIAL NEWS
SCPE invests USD35m in Jordanian poultry producer
09 Sep 2014
(MENAFN) Standard Chartered Private Equity (SCPE) announced acquiring a minority stake, worth USD35 million, in Jordanian poultry producer Al Jazeera Agricultural Company, Gulf Daily News reported.
SCPE, the private equity arm of Standard Chartered Bank, said it would be getting two seats on the board of Al Jazeera, Jordan’s only fully integrated poultry producer and distributor with products including fresh and frozen chicken, hatching eggs and chicks, and chicken feed.
SCPE’ investment, its first investment in Jordan, is expected to support Al Jazeera’s expansion in the region.
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