Dubai Buyout Firm Abraaj Agrees to Buy West Africa’s Fan Milk
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The Abraaj Group, a Dubai buyout firm managing $7.5 billion of assets, agreed to buy dairy company Fan Milk International as it boosts Africa investments.
The acquisition of Fan Milk, a West African manufacturer and distributor of frozen dairy products and juices, is expected to close by the end of November, Abraaj said today in a statement. Financial details of the deal weren’t given.