Zalar Holding, a leader in the Moroccan poultry sector and
present throughout entire value chain of the sector, has announced that Mitsui Group is becoming a
shareholder in the company. The large Japanese conglomerate is a world leader and present in the
sectors of infrastructure, energy, transport, financial services and agribusiness. Mitsui’s investment
will support Zalar's business development within Morocco and its international expansion strategy,
particularly in West Africa.
The Mitsui Group's investment of USD 25 million is in the form of a capital increase of Zalar. This
contribution will support the Company's medium-term development plan, including augmenting grain
storage capacities, increasing hatching and breeding capacity in Morocco, and the expansion of its
poultry activity into Senegal.
Ascent Capital Partners acted as
exclusive financial advisers of Zalar Holding for this transaction.
Ali Berbich, Managing Director of Zalar Holding, said
"We are delighted with this partnership with Mitsui, a leading Sogo Shosha, which further strengthens
the Group's shareholding base and reinforces our strategic vision, both in Morocco and in Africa. Much
more than its capital contribution, which will add to our equity capital, Mitsui will provide us with its
proven expertise in the poultry sector and enable us to achieve synergies with the conglomerate's large
portfolio of subsidiaries and partners. Zalar is now able to accelerate its investment program across all
of its business areas.”