UK and German investors buy 49% stake in Général Emballage

AfricInvest sold its 40% stake in Algerian cardboard packaging maker Général Emballage to UK private equity funds and DEG, and buyers also bought 9% from the Batouche family. The total 49% stake was valued at USD 55 million.

“The total value of the 49% stake was USD 55 million.”africanlawbusiness.com

• 1 source
• africanlawbusiness.comUK and German investors buy major stake in Algerian packaging business - African Law & BusinessNov 22, 2016

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