Holding company acquires significant stake in global, fresh fruit leader Unifrutti
ADQ, an Abu Dhabi-based investment and holding company, recently announced it has entered an agreement to acquire a majority equity stake in Unifrutti Group, a leading global producer and distributor of high-quality fresh produce, from existing shareholders.
“We are developing our food and agriculture portfolio with the aim of generating strong financial returns while bolstering food resilience in the UAE. Our investment in Unifrutti would enable ADQ to develop a global platform for fresh produce that complements our other portfolio companies throughout the food value chain,” remarked Gil Adotevi, Executive Director of Food and Agriculture at ADQ.
The proposed investment in Unifrutti will build on ADQ’s food and agriculture portfolio. Its portfolio includes investments in Louis Dreyfus Company (LDC), one of the world’s largest vertically integrated food, feed, fibres and ingredients companies; Silal, Abu Dhabi’s leading fresh produce and agri-tech company; Al Dahra Holding, an Abu Dhabi-based global leader in forage and other agribusiness sectors; and Althea Group, one of the region’s leading food and beverage groups. Completion of the transaction is subject to customary closing conditions, including regulatory approvals, a press statement concluded.
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