ADQ acquires stake in Unifrutti, a global fresh fruits producer and distributor

ADQ, an investment and holding company, headquartered in Abu Dhabi, announced that it has agreed to acquire a majority stake in the Unifrutti Group ("Unifrutti"), a leading global producer and distributor of fresh fruits. Unifrutti ranks as a world leader in the production, trade, and distribution of more than 100 varieties of fresh produce, including apples, bananas, cherries, grapes, and citrus. With some 560K/mt of fresh fruit sold annually and more than 14,000 hectares of farms on four continents, the group operates with full integration throughout the value chain, serving more than 500 clients in 50 countries.

Gil Adotevi, Executive Director of Food and Agriculture at ADQ, said: "We are developing our portfolio of food and agriculture products to generate strong financial returns while strengthening food resilience in the UAE. Our investment in Unifrutti will enable ADQ to develop a global fresh produce platform that complements our other portfolio companies across the entire food value chain. We believe our long-term strategic investment will help accelerate Unifrutti's next growth phase and consolidate its strong position as a leader in the global fresh produce sector."

On behalf of Unifrutti Group shareholders, the De Nadai and Mondin families commented: "ADQ's track record in the agri-food sector makes the company an ideal major shareholder and investor. We share a common belief in the global growth potential of the sector of fresh products and a strategy to take advantage of the commercial opportunities present in the sector to generate sustainable growth. This agreement is an important milestone in the trajectory of Unifrutti, and ADQ's investment will allow us to expand our global footprint in line with our long-term development strategy."

The proposed investment in Unifrutti will be based on ADQ's agri-food portfolio. His portfolio includes investments in Louis Dreyfus Company (LDC), one of the world's largest vertically integrated food and ingredient companies; Silal, Abu Dhabi's leading fresh produce and agritech company; Al Dahra Holding, an Abu Dhabi-based world leader in the fodder and other agribusiness sectors; and Agthia Group, one of the leading food and beverage groups in the region. Completion of the transaction is subject to customary closing conditions, including regulatory approvals.