The Dubai-based agro-food enterprise Invictus Investment Company has announced its intention to acquire a flour mill in Southern Africa, expanding its geographic presence on the continent. This acquisition, subject to regulatory approval, aligns with Invictus’s long-term strategy to grow its agro-food business in high-potential African markets. Amir Daoud Abdellatif, the CEO, emphasized that this deal strengthens their midstream and downstream capabilities. This marks the company’s second major transaction in Africa this year, following a 60% acquisition of Morocco’s grains trading company, Graderco, from Zalar Holding. Invictus remains focused on exploring further acquisitions, joint ventures, and investments in strategic African markets. Financial details of the deal have not been disclosed.
Agro-Food, Private Equity,Africa, United Arab Emirates
https://www.zawya.com/markets/equities/abu-dhabi-listed-invictus-investment-expands-footprint-in-africa-with-new-acquisition-kiwy6xml