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Actis acquires stake in Coricraft group to propel expansion
Johannesburg, South Africa Capital Markets in Africa — Actis today announced the acquisition of a significant minority stake in Coricraft Group, a South African home furnishings retailer. Actis’ investment affirms the strength of Coricraft Group’s cash value home retail model and will act as a substantial enabler of future growth. The firm is investing alongside majority shareholders Westbrooke a local investment group – and Coricraft Group management. Actis focuses exclusively on investments in emerging markets…
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