# Norfund and AFIG Funds jointly acquire Ivorian packaging maker Nouvelle Mici Embaci

Norfund and AFIG Funds announced the joint acquisition of Nouvelle Mici Embaci, a subsidiary of Carré d'Or Group and a leading packaging maker in Côte d'Ivoire, to modernise operations and expand regionally. Acquisition financing was provided by Bridge Bank and Mauritius Commercial Bank.

- Type: Acquisition
- Announced: 2023-05-25
- Where: Côte d’Ivoire
- Status: announced
- Products: corrugated packaging, polypropylene bags, industrial printing services
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Norfund](https://endata.com/companies/10604.md) (investor)
- [AFIG Funds](https://endata.com/companies/10605.md) (investor)
- [Nouvelle Mici Embaci](https://endata.com/companies/10606.md) (target)
- [Carré d'Or Group](https://endata.com/companies/10607.md) (partner)

## Sources

- [norfund.no](https://www.norfund.no/investing-to-expand-leading-ivorian-packaging-company/), 2023-05-25: "Norfund and AFIG Funds have partnered with Bridge Bank Cote d'Ivoire and Mauritius Commercial Bank (MCB) to provide necessary acquisition financing and working capital facilities."

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