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|| Dubai investment firm Abraaj acquired majority stake in Latin American Urbano logistics

abraaj-urbano.jpgDubai-based investment firm Abraaj Group has acquired a majority stake in Urbano Express, a Latin American logistics firm for between $20 and $50 million.

Established in Ecuador in 1996, Urbano specializes in document delivery services in the three countries. It expanded to El Salvador in 1998 and Peru in 2003. The amount of the deal is not disclosed, but some sources are quoting Abraaj managers the price range of $20 to $50 million.

Abraaj Group is listed in the Middle East Investors Directory with the code OR01.

More details follows:

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