Abraaj Group buys majority stake in South Africa's Libstar | Reuters:
"Emerging market-focused private equity firm Abraaj Group has bought a majority stake in Liberty Star Consumer Holdings (Libstar), a South African food and personal care product manufacturer, it said on Wednesday.
Dubai-headquartered Abraaj bought shares in unlisted Libstar from its existing shareholders including Metier, Old Mutual Private Equity, Development Partners International and Lereko, it said in a statement.
Abraaj said it would continue to support Libstar's pan-African growth strategy, including in South Africa and sub-Saharan Africa. It did not disclose the size of the deal."
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