Invictus Investment Company, an agro-food enterprise in the Middle East, Africa and Asia, completed the acquisition of a majority stake in Graderco, grain and cereal trading firm in Morocco, from Zalar, a holding company owned by the Chaouni family, Mitsui and Seaboard. Financial terms were not disclosed. “Morocco is a strategic market for Invictus Investment, and this acquisition gives us a strong local presence and a partnership with a recognised market leader, and is a key step in our long-term strategy to become a fully integrated agro-food enterprise. Graderco’s diverse product portfolio, robust sourcing network, and extensive in-country warehousing and distribution capabilities will generate significant synergies with our global trading operations. Looking ahead, we will continue to invest in downstream assets in the value chain – in Morocco and beyond – to enhance our supply chain capabilities and better serve our customers in the region," Amir Daoud Abdellatif, Invictus Investment CEO.