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Phoenix Group makes investment in Karuturi Global

11 Apr 2018 Evaluate

Phoenix Group has made investment in Karuturi Global’s operations in Kenya. The investment comprising of a blend of debt and equity is expected to help Karuturi meet its current debt obligations and leapfrog it towards restarting its operations following the conclusion of a 4 year receivership period in Kenya.

Karuturi Global is a world leader in production of cut roses with operations spread across Ethiopia, Kenya and India.

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