2024-04-25 14:58:00
(Ecofin Agency) – The investment arm of the Caisse de Dépôt et de Gestion group (CDG) strengthens its position in the private education sector. The operation had been notified to the Moroccan Competition Council since mid-March.
Private equity fund manager CDG Invest announced on Wednesday 24 April 2024 the acquisition of a 20% minority stake in the capital of Moroccan higher education holding company Groupe Atlantique.
The amount paid for this investment has not been disclosed. To make this acquisition, CDG Invest used its Generation Entrepreneurs program, supporting up to 20 million dirhams for innovative Moroccan companies engaged in the industrial and service sectors.
Thanks to this support, Atlantic Group will continue its development strategy in its local and international markets. The group led by Rachid M’Rabet plans to offer new training and open new educational institutions in several Moroccan cities and abroad.
« Ce WHO East planned within 3 to 4 years is the construction of a university campus that meets international standards. We also have the ambition to establish ourselves internationally, in the south and north », stressed Rachid M’Rabet.
It should be noted that the Moroccan Competition Council has been informed of this operation since mid-March 2024.
Chamberlain An
1714072188
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