Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
18 November 2013
18 November 2013 - Gide Casablanca advises IFC on a USD 24 million equity investment in Zalagh Holding
Gide Casablanca advised IFC, a member of the World Bank Group, on its USD 24 million equity investment in Zalagh Holding, leader in the Moroccan poultry sector and active across the sector’s entire value chain.
This investment, which will be carried out by way of a subscription by IFC to Zalagh Holding capital (by way of a share capital increase), is intended to support Zalagh Holding in consolidating its market shares in a growing sector and to continue its integration. Zalagh Holding’s expansion programme for the three coming years, which amounts to 350 million dirhams, will translate into ambitious investments, which include in particular the extension of the Group’s production capacity in compound feed in the Casablanca area and the building of new chicken and turkey farms throughout Morocco.
IFC’s equity investment in Zalagh Holding marks its first direct involvement in Morocco’s agri-food industry.
IFC was advised by Gide Casablanca, with Julien David (partner) and Nathalie Zanardo (senior associate).
