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FinancialNews
12-10-17
Abraaj to invest in QBCo, Colombia
(MENAFN) UAE's Abraaj Group is seeking a majority stake investment in Colombia's largest private label food manufacturing company QBCo SAS.
Before being acquired through one of Abraaj's funds, private label food manufacturer QBCo focuses on four categories which are, edible oils, margarines, preserve/canned food and pet food.
Before that, the company was established as an oil and fats company in 1961 before converting into a private label food manufacturing company in 2013.
However, the financial details of the deal and the size of the stake were not revealed.
QBCo is Abraaj's 19th investment in the Pacific Alliance and fourth investment in Colombia.
MENAFN1210201700450000ID1095943611
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