Skip to main content

Standard Chartered Private Equity (SCPE), the private equity arm of Standard Chartered Bank, said it had spent $35 million to buy a minority stake in Jordanian poultry producer Al Jazeera Agricultural Co, its first investment in Jordan.

SCPE said it would obtain two seats on the board of Al Jazeera, Jordan's only fully integrated poultry producer and distributor with products including fresh and frozen chicken, hatching eggs and chicks, and chicken feed.

The investment will support Al Jazeera's expansion in the region, SCPE said in a statement on Monday without specifying the size of the minority stake or giving other details.

 

Related Articles

Deals

Khaitan, JSA, Hogan Lovells guide $515 mln Waaree IPO

by Nimitt Dixit |

Khaitan & Co has advised Waaree Energies, India's largest manufacturer and exporter of solar modules, on its $515 million initial public offering, with JSA Advocates & Solicitors and Hogan Lovells guiding the bookrunning lead managers.

Deals

CAM, Khaitan guide Adani-backed Renew Exim’s $380 mln ITD acquisition

by Nimitt Dixit |

Cyril Amarchand Mangaldas has advised Adani Group's Dubai-based firm Renew Exim DMCC on its acquisition of a 46.64 percent stake in ITD Cementation India for around $380 million from Italian-Thai Development Public Company, who was represented by Khaitan & Co.

Deals

CAM, AZB, SAM, Latham advise on landmark $1.3 bln Swiggy IPO

by Nimitt Dixit |

Cyril Amarchand Mangaldas is advising SoftBank-backed Indian food and grocery delivery giant Swiggy on its much-anticipated initial public offering worth $1.3 billion, with AZB & Partners and Latham & Watkins advising the bookrunning lead managers.