EXEO Capital and Norfund invest $17 million in Marginpar Flower Group

EXEO Capital and the Norfund have invested US$17 million in a flower producer called Marginpar Flower Group Holdings, a company based in Ethiopia. The funding will be used expand the company’s size with the acquisition of among others Carzan Flowers Kenya. All acquired companies will operate under the Marginpar name. Marginpar was established in 1988 as one of the first flower import agents in The Netherlands and flowers are produced in cooperation with growers in Kenya, Ethiopia, Tanzania and Zimbabwe.

 

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