Rabat – CDG Invest Growth (CIG) has acquired stakes in Agri Trade Maroc (ATM), a company operating within the materials sector focusing on fertilizers & agricultural chemicals.
The acquisition was facilitated through the Capmezzanine III Fund, according to a statement.
ATM, a prominent player in the fertilizer distribution industry in Morocco, will leverage the capital injection to bolster its activities in conventional fertilizers, enhance its market share, and pave the way for the establishment of a dedicated “Made-In-Morocco” fertilizer marketing platform in Africa, the statement explains.
The partnership between CIG and ATM not only brings much-needed financial support but also institutionalizes ATM’s shareholder base, the statement details.
In addition, the new deal will provide ATM’s management with “invaluable guidance and expertise from the CDG Invest Growth management team, which boasts a rich history of nearly 25 investments and 16 divestments spanning over two decades across various sectors of the Moroccan economy.”
This equity participation represents the third investment made by the Capmezzanine III Fund, raised by CDG Invest Growth in 2021.
Nadia Tarari, Chairman of the Board of Agri Trade Maroc, expressed her enthusiasm about the partnership, saying that “CDG Invest Growth’s investment in Agri Trade Maroc represents a pivotal step in our company’s growth and offers exciting new prospects for our future.”
Tarari asserted that the cooperation will provide necessary funding for planned expansions within Morocco and into other regions in Africa, where the company aspires to establish a stronger presence.
“The investment is a testament to the trust inspired by our strategy and our skilled team. We do believe that this partnership will benefit our stakeholders, and we are dedicated to making all required efforts to reap the benefits of this association,” he concluded.
On his part, Abdelkbir Moutawakkil, General Manager of Agri Trade Morocco, emphasized the positive impact on the company’s financial structure, saying: “The capital influx from CDG Invest Growth significantly strengthens our financial structure.”
“It will enable us to proceed with our investment projects, upgrade our infrastructure, and upskill our teams,” he continued.
Hassan Laaziri, CEO of CDG Invest Growth, underscored the importance of this strategic investment, saying that his company strongly believes that Agri Trade Maroc is the ideal partner to carry forward an investment in this sector for the development of both domestic and Sub-Saharan agriculture.
“ATM’s coveted position in its markets, its growth strategy, and the proven expertise of its management back up our commitment to supporting the company in this new phase of its development journey,” he added.
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