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Announced

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AP Moller Capital completed the acquisition of 49% stake in Mass Cereales al Maghreb from Holmarcom.

Synopsis

AP Moller Capital, a fund management company, completed the acquisition of 49% stake in Mass Cereales al Maghreb, the concession holder and operator of two grain unloading terminals, from Holmarcom, a diversified industrial group in Morocco. Financial terms were not disclosed. ”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 Holmarco,, we are proud to support this endeavor, 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,” Kim Fejfer, AP Moller Capital Managing Partner.

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