UAE - Mubasher: Abu Dhabi-based ADQ has signed an agreement to acquire a majority equity stake in Unifrutti Group, a global producer and distributor of high-quality fresh produce.

Providing services across 50 countries, Unifrutti Group sells 560,000 tonnes of fresh fruit annually and owns more than 14,000 hectares of farms across four continents, according to a press release on Thursday.

The acquisition will enable ADQ to strengthen its food and agriculture portfolio, which includes investments in Louis Dreyfus Company (LDC), Silal, Al Dahra Holding, and Agthia Group.

The Executive Director of Food and Agriculture at ADQ, Gil Adotevi, said: "Our investment in Unifrutti would enable ADQ to develop a global platform for fresh produce that complements our other portfolio companies throughout the food value chain."

Commenting on behalf of the shareholders at Unifrutti, the De Nadai and Mondin families said: "We share a common belief in the global growth potential of the fresh produce sector and a strategy to capture commercial opportunities present in the sector to generate sustainable growth."