MOROCCO · BUSINESS
Key Facts
—Majority stake: A.P. Moller Capital agreed on 17 August to buy a majority holding in Globex Investissement, a Casablanca logistics group founded in 1998.
—Terms undisclosed: Neither the price nor the exact size of the majority was released. The company said only that it will be a controlling position.
—Two funds: The purchase runs through Emerging Markets Infrastructure Fund II and the APM Capital Morocco Fund. APM Capital Morocco S.A., the local management company, is authorised and regulated by the AMMC, the country’s capital markets authority.
