{"id":104051,"date":"2025-05-27T00:00:00","date_gmt":"2025-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/ghitha-unit-invictus-acquires-majority-stake-in-angolan-fertilizer-business-angata\/"},"modified":"2025-05-27T00:00:00","modified_gmt":"2025-05-27T00:00:00","slug":"ghitha-unit-invictus-acquires-majority-stake-in-angolan-fertilizer-business-angata","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/27\/ghitha-unit-invictus-acquires-majority-stake-in-angolan-fertilizer-business-angata\/","title":{"rendered":"Ghitha unit Invictus acquires majority stake in Angolan fertilizer business Angata"},"content":{"rendered":"

ADX-listed agro-food outfit Invictus Investment \u2014 a unit of Ghitha \u2014 is acquiring up to 65% of <\/strong>Angola-based fertilizer blending company Angata<\/strong>, according to a statement (pdf)<\/a>. The acquisition is taking place through a stake in holding company Mauritius-based Dagro Chemicals, for which Invictus has already secured board approval, according to a separate filing (pdf)<\/a> to the Abu Dhabi bourse. The transaction remains subject to regulatory approvals and final closing procedures. No details were provided on the financial terms or the timeline of the acquisition. <\/p>\n

The acquisition marks Invictus\u2019 entry into Angola\u2019s agri-input<\/strong> space and a broader pivot from trading<\/strong> into upstream agricultural services. Angata has an annual capacity of 100k metric tons and plans to up its capacity throughout the year. It\u2019s located in the strategic Lobito corridor linking Angola to the Atlantic coast.<\/span><\/p>\n

Invictus has been looking south: <\/strong>The Ghitha unit recently acquired Mozambique\u2019s largest milling company<\/a> Merec Industries\u2019 parent company Stratton Africa Holding for an undisclosed sum, as it looks to ramp up downstream and midstream segments particularly in high-potential African markets. It also nabbed a 60% stake in Moroccan agriculture trader Graderco last year.<\/p>\n

IN CONTEXT- Ghitha is sitting on a packed M&A pipeline. <\/strong>The F&B giant is looking to double its<\/a>revenues<\/a> to AED 10 bn over the next three years, and is eyeing acquisitions in the UAE, the wider MENA region, and Southeast Asia, while also exploring new export channels to the US. <\/p>\n

Market reax:<\/strong> Ghitha\u2019s share price was down 0.7% yesterday to settle at AED 21.7 apiece.<\/p>\n

OTHER M&A NEWS- <\/p>\n

SPEAKING OF FERTILIZERS- <\/strong>UAE<\/strong>-based Nas Investment Holding upped its bid<\/strong> price to acquire up to 57.5% of EgyFert<\/strong> to EGP 102 per share<\/strong>, up from EGP 95, according to a statement (pdf)<\/a>. The decision was approved by Egypt\u2019s Financial Regulatory Authority (FRA), which granted Nas a one-day extension for the mandatory offer until Sunday, 1 June.<\/p>\n

The new price is 1% lower than Egyfert\u2019s share price at market close yesterday<\/strong>, which settled 5% higher at EGP 103 apiece. The offer, which could raise Nas\u2019 stake in EgyFert to 90%, is now valued at EGP 563 mn. <\/p>\n

REMEMBER- <\/strong>The transaction<\/a> will be financed through Nas\u2019 own resources. Nas also doesn\u2019t have plans to delist Egyfert from the EGX.<\/p>\n

ADVISORS- <\/strong>Nas enlisted Al Ahly Pharos as broker on the transaction, while MHR & Co and White & Case are legal advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dagro has controlling stakes in an agricultural chemicals and fertilizer business operating in Angola<\/p>\n","protected":false},"author":1,"featured_media":104052,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[398,7,795,1342,1107,1344,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-agriculture","tag-enterpriseam-uae","tag-ghitha-holding","tag-investment","tag-invictus","tag-ma","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"b1328c1c-69d7-4980-888d-e29a68610609","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2204.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Ghitha unit Invictus acquires majority stake in Angolan fertilizer business Angata","related_issue":[104044],"teaser":"Dagro has controlling stakes in an agricultural chemicals and fertilizer business operating in Angola","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.f4bc76a6-d518-4d0e-98f0-3aeca8b07d31.mp3"},"yoast_head":"\nGhitha unit Invictus acquires majority stake in Angolan fertilizer business Angata - 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