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Allen & Overy Casablanca advises Mitsui & Co. Europe on the equity investment in Zalar Holding for JPY 3 billion

 

Allen & Overy has advised Mitsui & Co. Europe (Mitsui) on the acquisition of a minority stake in Zalar Holding S.A. (Zalar) by way of a share capital increase for JPY 3 billion (USD 25 million). As part of the deal, an alliance agreement has been concluded between Zalar and Mitsui to explore the possibility of further business opportunities. 

This transaction will enable Zalar to finance a programme of capital expenditure within Morocco and to accelerate its growth in African markets.

This is the third time that Zalar opens its share capital to investors since IFC acquired a 17.9% stake in the company in 2013 and Seaboard acquired 12% in 2015.

The transaction was led by partner Hicham Naciri, assisted by Sylvain Aoust, counsel, and Omar Zizi, associate. 
 
For further information, please contact Amal Ounir, Amal.Ounir@allenovery.com, on +212 520 478 000.

 

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