APQ Global Limited Establishment of Partner Companies Network
15 May 2018 - 4:01PM
RNS Non-Regulatory
TIDMAPQ
APQ Global Limited
15 May 2018
15 May 2018
APQ Global Limited
("APQ Global" or the "Company")
Establishment of APQ Global's Partner Companies Network
APQ Global, the emerging markets income company, is pleased to
announce that it has established an emerging markets Partner
Companies Network. The partner companies represent some of the most
exciting growth and innovation SME opportunities evident to APQ in
emerging markets and are sourced from the contacts of the Company
and its International Advisory Council 'IAC'*.
The partner companies represent an additional growth opportunity
for APQ Global, which has the right of first refusal to participate
in any of their future capital raises.
The Company is delighted to announce the inaugural two members
of the Partner Companies Network, DW Agriculture and Alluvial.
DW Agriculture, based in Nigeria's Cross River State, takes an
innovative approach to agribusiness in West Africa. The central
strategy is to mobilise local populations in Nigeria and the wider
region to produce important goods that are otherwise imported at
higher costs. For example, 90% of dairy products in Nigeria are
imported at an annual cost of $1.2bn. DW Agriculture and Alluvial
are focused on resolving major gaps in investment that can lead to
attractive margins in the meat, poultry, fish and dairy sectors in
view of increased protein demand and low production capacity.
As another example, Nigeria spends $700m annually on imports of
fish. DW Agriculture's flagship aquaculture farm at Songhai in Bunu
Tai Rivers State produces 1,000 tons of catfish annually after only
its third year of operation. Additionally, the gradual move from
staple production towards high-value horticulture crops is an
important contributor to employment opportunities in Africa. DW
Agriculture's Dimieari Von Kemedi and Wesley Davis are both APQ
Global IAC members.
For more information, please visit www.dwagriculture.com
Alluvial is an integrated farm business based in Nigeria that
uses the best of modern technology and traditional methods to
deliver environmentally and socially sustainable farming that
enriches the environment and supports smallholder farming
communities. It is an innovative and highly scalable private sector
response to the challenge of food security focused initially on the
Niger Delta region of the world's seventh largest country. Managing
Director, Dimieari Von Kemedi is an APQ Global IAC member.
Alluvial last month signed a major cooperation agreement with
India's biggest conglomerate, Tata Group, to supply up to 300 John
Deere tractors through self-financing lease agreements with
individual farmers. Over the next two years these tractors could be
used by as many as 100,000 smallholder farmers across 463 square
miles. The tractor lease agreement includes both the tractor and a
driver as part of an overall package that also covers collective
agreements to reduce the cost of seeds and fertilisers and increase
the sale price of crops, improving the output and efficiency of
small farmers.
For more information, please visit www.alluvialtrade.com
Bart Turtelboom, Chief Executive Officer of APQ Global
commented: "We are delighted to take a central role in the
development of a number of carefully chosen partner companies. We
welcome DW Agriculture and Alluvial as founding members to this
group of leading emerging market SMEs. We aim to identify many more
members to grow this exciting new venture for the Company."
-End -
Enquiries:
APQ Global Limited
Bart Turtelboom - Chief
Executive Officer 020 3478 9708
N+1 Singer - Nominated
Adviser and Broker
James Maxwell / Lauren
Kettle 020 7496 3000
Carey Group - TISE sponsor
Rebecca Booth / Claire
Torode 01481 737 279
Buchanan Communication
- Financial PR
Charles Ryland / Henry
Wilson 020 7466 5000
Notes to Editors
APQ Global Limited
APQ Global (ticker: APQ LN) is a global emerging markets income
company with interests across Asia, Latin America, Eastern Europe,
the Middle East and Africa. The Company's objective is to steadily
grow earnings to deliver attractive returns and capital growth to
shareholders. This objective is achieved through a combination of
revenue generating operating activities and investing in growing
businesses across emerging markets. APQ Global run a
well-diversified and liquid portfolio, take strategic stakes in
selected businesses and plan to take operational control of
companies through the acquisition of minority and majority stakes
in companies with a focus on emerging markets.
For more information, please visit apqglobal.com.
*International Advisory Council (IAC)
Established in February 2017, the IAC assists in locating the
best investment opportunities across the globe. The panel of
advisors, chaired by Tania Rotherwick, contribute insights from
their own areas of geographical and sector expertise to support APQ
Global's business strategy.
This information is provided by RNS
The company news service from the London Stock Exchange
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May 15, 2018 02:01 ET (06:01 GMT)
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