01-02-2021; Africa Capital Digest
After selling a significant portion of the 49% stake in Cash Plus it acquired in 2014 to Groupe Richbond almost two years ago, Mediterrania Capital Partners has now sold the rest of its interest in the Moroccan money transfer firm, fully exiting the business. The acquirers of the stake are, once again, Groupe Richbond, an industrial and property conglomerate based in Morocco, and the Amar family. How much they paid for the stake is not being disclosed.