Dubai's Abraaj Snags Amundi's N. Africa Business
Mideast investment firm Abraaj Capital says it has bought French asset manager Amundi's private equity business in North Africa.
The Dubai-based private equity house said Sunday the deal includes assuming control of Amundi's offices in Morocco and Tunisia and the management of a $161 million regional buyout fund. It will also acquire Amundi's stake in the fund.
Financial terms were not disclosed.
Amundi is co-owned by French banks Credit Agricole and Societe Generale.
Source: Associated Press
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