date:Jun 24, 2013
Abraaj Group, a Dubai-based private equity firm, has agreed to acquire Danish Fan Milk International from the Emborg family from Aalborg together with the private equity fund Maj Invest Equity and the management.
Fan Milk International currently operates through subsidiaries in the rapidly growing markets of Ghana, Nigeria, Togo, Ivory Coast, Benin and Burkina Faso.
With this take over, Fan Milk is now well positioned to embark on further penetration and growth into new African markets.
Fan M