Stanlib PE fund one step closer to acquiring AFGRI's grain silo business

South Africa's Competition Commission has recommended the approval of a proposed transaction whereby the Stanlib Infrastructure Yield Fund (IYF), represented by its general partner Stanlib Infrastructure GP 2, intends to acquire AFGRI Grain Silo.

Stanlib IYF is a private equity investment fund established with the objective of acquiring a portfolio of long-term operational infrastructure assets that will provide a blend of cash yield and capital growth over the long-term.

AFGRI Grain Silo is a South African grain management business which comprises of the grain silo and bunker storage facilities owned by AFGRI Operations.

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