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Abu Dhabi Wealth Fund Buys Stake in Unifrutti to Aid Food Supply

  • ADQ investment to help Unifrutti expand its global footprint
  • Covid, Ukraine war prompt nations to rethink on food security
relates to Abu Dhabi Wealth Fund Buys Stake in Unifrutti to Aid Food Supply

Source: Unifrutti Group

Abu Dhabi wealth fund ADQ agreed to buy a majority stake in Unifrutti Group as the coronavirus pandemic and the war in Ukraine prompt countries to take more steps to safeguard their food supply.

The proposed investment will help Unifrutti, a producer and distributor of fresh fruits and vegetables, expand its global footprint and bolster the food security of the United Arab Emirates, of which Abu Dhabi is the capital, according to a statement. Terms of the deal weren’t disclosed.