Dubai-based Abraaj Group on Wednesday announced the acquisition, through one of its Funds, of a stake in La Flèche Bleue Algérienne (FBA), an Algerian logistics company.
Headquartered in Skikda, FBA is the largest company offering logistic services in Algeria and operates through long-term contracts with global clients.
Abraaj said its investment will enable the expansion of FBA’s footprint into other verticals of the logistics business, providing the company with ample resources and funds to further grow its market share in Algeria.
The private equity firm did not disclose the size of the stake or the value of the deal More >>
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