Beirut-based EuroMena Funds has acquired a seven percent stake in Retail Holding, a Morocco-based diversified retail group for a total of 220 million Moroccan dirhams ($22.5 million), according to the Casablanca Stock Exchange.
Retail Holding acts as franchisee for French retail giant Carrefour, apparel retailer Kiabi, Virgin Megastore, and Burger King.
The investment, which was carried out through the fund EuroMena III, will be mainly used to finance the expansion of Retail Holdin...
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