Monday, July 1, 2013

Dubai's Abraaj inks deal for African dairy firm

The Abraaj Group, a Dubai-based investment company, has announced an agreement to acquire a 100 percent stake in Fan Milk International (FMI), a West African manufacturer and distributor of frozen dairy products and juices.

The deal means the Abraaj Group has now invested $2.2bn into 69 partner companies across Africa.

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