Abraaj Group Buys Stake in Algerian Logistics Company La Flèche Bleue Algérienne

December 19, 2014


Abraaj acquires stake in La Flèche Bleue Algérienne, a co. specializing in transportation and logistics services, Dubai-based Abraaj says in e-mailed statement.

* La Flèche Bleue Algérienne based in Algerian city of Skikda;  began operations in 2004; * Abraaj says it’s inaugural investment in Algeria, first in  logistics sector in North Africa; * NOTE: Abraaj Sells Partial Stake in Integrated Diagnostics to Actis: Link; * NOTE: Abraaj Said to Plan Increase in Size of $500 Million Turkey Fund. Source: Bloomberg