CDG Invest Growth in fertiliser deal
CDG Invest Growth (CIG ), through its CapMezzanine III Fund, has acquired a stake in Morocco-based fertiliser distributor Agri Trade Maroc (ATM).
This equity participation is the third investment made by the CapMezzanine III Fund, which was raised by CDG Invest Growth in 2021.
“CDG Invest Growth’s investment in Agri Trade Maroc represents a pivotal step in our company’s growth and offers exciting new prospects for our future. It will provide the necessary financing for our planned expansion within Morocco and into other regions in Africa, where we aspire to establish our presence. This investment is a testament to the trust inspired by our strategy and our skilled team. We do believe that this partnership will benefit our stakeholders and we are dedicated to making all required efforts to reap the benefits of this association,” said Nadia Tarari, chairman of the board of Agri Trade Maroc.
Abdelkbir Moutawakkil, general manager of Agri Trade Morocco added, “The capital influx from CDG Invest Growth significantly strengthens our financial structure. It will enable us to proceed with our investment projects, upgrade our infrastructure, and upskill our teams. We are confident that these strategic investments will allow us to act on new growth opportunities and make great strides with regard to our position on our market. As we embark on this new journey of Agri Trade Maroc’s development with optimism and determination, I remain confident that, with our cohesive team and robust development plan, we will achieve a remarkable performance.”
“We strongly believe that Agri Trade Maroc is the ideal partner to carry forward our investment in this crucial sector for the development of both domestic and sub-Saharan agriculture. ATM’s coveted position in its markets, its growth strategy, and the proven expertise of its management, back up our commitment to supporting the company in this new phase of its development journey,” stated Hassan Laaziri, CEO of CDG Invest Growth.
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