A.P. Moller Capital invests in grain logistics infrastructure in Africa
A.P. Moller Capital, through the Africa Infrastructure Fund 1, has completed the acquisition of a 49% shareholding in Casablanca-based grain terminal operator Mass Céréales al Maghreb (MCM). Holding Marocaine Commerciale et Financiere (HOLMARCOM) will retain 51% ownership of MCM.
MCM has, for more than a decade, provided handling and storage services for grain bulk cargoes at the ports of Casablanca and Jorf Lasfar. The company handles nearly half of all grain bulk imports each year, contributing to an efficient logistics chain for key food supplies in Morocco.
Through MCM, HOLMARCOM and A.P. Moller Capital will jointly pursue new investments that enable more reliable and efficient supply chains, support food security, and create sustainable jobs in African markets.
The partnership in MCM reflects A.P. Moller Capital’s strategy of investing in logistics infrastructure, led by strong management and with a strong partner, to facilitate trade and economic development in Africa.
Kim Fejfer, managing partner of A.P. Moller Capital, said: “Today, MCM handles more than half of all grain bulk imports in Morocco and has an ambition to become a leading grain logistic player across Africa. Together with HOLMARCOM, we are proud to support this endeavour, which goes well in hand with our focus on combining attractive investments with a purpose of building sustainable businesses, creating jobs and positively impacting society.”
Mohamed Hassan Bensalah, chairman and CEO, HOLMARCOM Group and chairman of MCM, commented: “We are delighted to welcome A.P. Moller Capital’s investment into MCM. HOLMARCOM and APMC share guiding principles and have a shared vision for supporting MCM’s efforts to be the leading grain logistics player across Africa.”
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