24 November 2020
- Mustapha Mourahib, Jason Mendens, Jennifer Storey, Gareth Dray, Deepaloke Chatterjee
- Casablanca, Dubai, London
Clifford Chance advises A.P. Møller Capital on its strategic investment in grain logistics infrastructure in Africa
Clifford Chance advised A.P. Møller Capital in relation to its acquisition, through the Africa Infrastructure Fund 1, of a 49% shareholding in Casablanca-based grain terminal operator Mass Céréales al Maghreb (MCM), a subsidiary of Holmarcom, which retained 51% ownership of MCM.
Through MCM, A.P. Møller Capital and Holmarcom intend to pursue new investments in grain logistics infrastructure in Africa, which will enable the creation of more reliable and efficient supply chains, support food security and create sustainable jobs in African markets.
The Clifford Chance team was led by Partner Mustapha Mourahib, Counsel Nathalie Zanardo and Senior Associate Saliha Bardasi, all based in Casablanca, together with Partner Jason Mendens and Senior Associate Gareth Dray, based in Dubai. The corporate team was supported by Partner Jennifer Storey and Associate Deepaloke Chatterjee (Antitrust).