# 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.

- Type: Acquisition
- Announced: 2016-11-22
- Where: Algeria, Algeria
- Value: $55.0M
- Status: completed
- Products: corrugated cardboard packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [AfricInvest](https://endata.com/companies/418.md) (partner)
- [Development Partners International](https://endata.com/companies/419.md) (investor)
- [DEG](https://endata.com/companies/420.md) (investor)
- [Général Emballage](https://endata.com/companies/421.md) (target)

## Sources

- [africanlawbusiness.com](https://www.africanlawbusiness.com/news/6875-uk-and-german-investors-buy-major-stake-in-algerian-packaging-business/), 2016-11-22: "The total value of the 49% stake was USD 55 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.