Abraaj buys home furnisher Casaideas in first Chile acquisition
Abraaj Group has bought a majority stake in Chile's private home furnishings retailer Casaideas in its first foray into the country, Abraaj said on Thursday. Casaideas runs more than 50 stores in South America, including 33 in Chile and 16 in Peru. Abraaj said it would consider expanding in those countries, as well as possibly entering Mexico, Colombia and central America. The Dubai-based group manages USD10bn worldwide, with a focus on economies with growing middle classes. (Reuters)
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