Danish Fund Acquires Majority Stake in Moroccan Logistics Firm Globex

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On 17 August, A.P. Moller Capital funds—specifically the Emerging Markets Infrastructure Fund II and the APM Capital Morocco Fund—signed an agreement to acquire a majority stake in the Casablanca-based logistics firm Globex Investissement. Globex, which was founded in 1998 and serves as the exclusive FedEx Express licensee in Morocco, Senegal, and Cameroon, will continue to be led by founder and chief executive Omar El Kadiri. This transaction marks the first major investment for the Morocco-dedicated fund that A.P. Moller Capital established in February with 1.6 billion dirhams in commitments. The acquisition is currently awaiting merger-control clearance from the Moroccan Competition Council.

Consequences

Upon regulatory approval, the integration of Globex into A.P. Moller Capital’s infrastructure portfolio is expected to strengthen the logistics network serving Morocco and its broader operations in sub-Saharan Africa. The partnership aims to capitalize on Morocco's development into a major North African logistics hub by leveraging the Danish firm’s sector expertise alongside Globex’s existing operational reach.

Sources

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