The Qatar Investment Authority and CDC International Capital announced on Tuesday June 28th their joint equity investment of 20% in the capital of the property company SGI Africa, a subsidiary of the French group CFAO, along with Wendel.
This investment strengthens their partnership within the fund “Future French Chamions” (FFC), which was created in 2014, and expands the range of their commercial property portfolio, as SGI Africa intends on opening shopping centers across the continent through its brand, PlaYce.
“We are glad to work with CFAO group on this ambitious project on the African continent which brings together the best of the French expertise in commercial property and distribution”, stated FFC investors.
Find out more at http://www.lesechos.fr/industrie-services/conso-distribution/0211075221459-cfao-et-wendel-sallient-en-afrique-2010463.php
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