Morocco · LOGISTICS & INVESTMENT
Key Facts
—Deal Two A.P. Moller Capital funds signed an agreement on 17 August to buy a majority stake in Globex Investissement, a leading Moroccan logistics company. The price and the size of the stake were not disclosed.
—Target Casablanca-based Globex was founded in 1998 as the exclusive FedEx Express licensee in Morocco and employs more than 350 people.
—Continuity Founder and chief executive Omar El Kadiri will stay on, leading the business with his existing management team.
