AgriGroupe

Company profile

AgriGroupe company profile

AgriGroupe Energy Holdings is a private investment company incorporated in South Africa. Their management team has expertise in acquisitions and investments in Africa, with a longstanding investment thesis in African agriculture. Their underlying investors include North American institutions, family offices, and individuals with no links to foreign governments or competitors, and is expected to include an identified consortium of South African Black Empowerment strategic investors with agricultural expertise. AgriGroupe’s Offer represents a long-term investment and commitment to the Company and to supporting sustainable food security in Africa. They have a strong commitment to social development and ongoing transformation goals including Broad-based Black Economic Empowerment (“B-BBEE”). They support AFGRI’s strategic vision for pan-Africa growth and will maintain management continuity post-Acquisition. It offers a “friendly hands” solution to safeguard the Company’s assets and business model in the long run for the benefit of Africa and its people. They believe that the strategic growth opportunity for AFGRI lies in its ability to deploy its comprehensive grain management solutions and expertise in selective attractive markets on the Continent, such as has already been tested and proven on a more limited scale in Zambia and Congo Brazzaville, and which will require a large and long-term commitment of capital expenditure and management resources, which they do not believe can be effectively accomplished as a public company with traditional institutional shareholders requiring shorter-term results.