Deals - Feb 10, 2020

On February 7, 2020, the European Investment Bank (EIB) granted a EUR 25 million financing to Zalar Holding.

Founded in 1974, the Zalar Group is the leader of the Moroccan poultry sector and the only vertically integrated player in the entire value chain. Its activities are spread throughout the country, mainly around the areas of influence of Casablanca and Fez.

This EIB loan enables the Zalar Group to strengthen its production capacity and competitiveness and allows it to create 448 direct and 1 214 indirect jobs in several regions of Morocco.

ASAFO & CO. advised the EIB on the legal aspects of the financing, with a team led by Patrick LARRIVÉ (Partner), with Benoît de MONVAL (Partner) and Othman BELOUIZ (Senior Associate), based in Casablanca.

The investment bank Ascent Capital Partners and the law firm DLA Piper acted respectively as exclusive financial and legal advisors to Zalar Holding on this transaction.

Patrick LARRIVÉ, Managing Partner of the Casablanca Office: “We are very proud to have advised the EIB on this financing to Morocco’s leading poultry group and are delighted to see the EIB’s strong interest in the Moroccan private sector.