Mubasher: The Abraaj Group sold its investment in Koba International Group for an undisclosed amount to Capital Group Private Markets, according to a statement.
Abraaj made the exit through its ALAF I Fund, while the private equity group made its investment through the $3 billion fund CIPEF VI.
Koba has almost 500 stores, over 5,000 employees and serves close to 10 million customers per month.
The Colombian retail business operates the highly successful chain of D1 supermarkets, which are well- positioned for significant gains in market share in the Colombian retail sector over the coming years.
