Founded in 2013 in Lomé, Togo, AGR, a key player of the green economy and waste recycling sector in sub-Saharan Africa, places waste at the centre of a new model of economic and social innovation on the continent.
AGR sorts and sells waste so that it can be transformed.
Acquiring this equity holding illustrates Groupe Duval’s desire to strengthen its position as a key waste recycling actor on the African continent.
Éric Duval, President and Founder of Groupe Duval stated “We are proud to support an actor as committed and pioneering as AGR. We are particularly excited about being able to assist it with its growth. The company has a unique positioning thanks to its operational excellence and its ability to have made selling waste attractive by creating a virtuous purchasing circle with businesses and local authorities. Being a family group probably makes us even more aware of the importance that we must give to the environmental and societal context we are part of and that we want to pass on to future generations. Our world is changing. Our family spirit leads us to focus great attention on the world that surrounds us and on the challenges of sustainable development that are connected to it. This is therefore and above all the sense of acquiring this strategic stake.”
Edem d’Almeida, co-founder of AGR, added, “Our company which currently has 50 employees, is growing strongly and has pan-African ambitions. We are delighted to welcome Groupe Duval’s contribution to the company’s equity aimed at assisting us in a new stage of our development. The presence of a key partner with which we share common values, is important to provide our company with both the financial and human resources to continue its very strong growth.”
About Groupe Duval
Founded by Eric Duval and co-led with his daughter Pauline Duval, Groupe Duval is a French family group real estate player. It has 3000 employees and turnover of 700 million euros. More information on www.groupeduval.com
Notice
This press release is published for information purposes only and no legal consequences may arise from it. The entities in which Groupe Duval directly or indirectly holds an equity stake are distinct and autonomous legal persons.
Groupe Duval disclaims all responsibility due to actions or omissions emanating from the said companies. The terms “Duval”, “Groupe Duval” and “Group” which are contained in this document are generic and used only for the purposes of convenience. Similarly, the terms “we” and “our” may also be used to refer to the subsidiaries or their partners.
This document may contain information and forward-looking statements that are based on data and economic assumptions expressed within a given economic, competitive and regulatory context. They may prove to be inaccurate in the future and are dependent on risk factors.
Neither Groupe Duval nor any of its subsidiaries commit themselves or will be responsible with respect to investors or any other party, in particular in the light of new information or future events, for updating or revising all or part of the statements, forward-looking information, trends or objectives contained in this document.
