Johannesburg, South Africa: Fund management company AP Moller Capital is to acquire Vector Logistics, South Africa’s leading frozen logistics operator, from its owner RCL Foods.
The acquisition is expected to enable Vector Logistics to expand its supply chain expertise and logistics services to meet growing demand in Africa. Completion is subject to approval by the relevant competition authorities and the South African Reserve Bank.
Founded in 2017, AP Moller Capital is an affiliate of AP Moller Holding and was established to manage stand-alone alternative investment funds focusing on infrastructure in growth markets. It is regulated by the Danish Financial Supervision Authority.
