Egypt's Ghabbour to invest $2.5 mln in Algeria venture

Newswire

CAIRO, Jan 26 (Reuters) - Ghabbour Auto , Egypt's largest publicly traded car assembly and retail company, said it would pay $2.5 million for a majority stake in a company that will distribute semi trailers in Algeria. Ghabbour will take a 51 percent stake in the company, called GB-Allab Remourque. Ghabbour has said it was looking for acquisitions as the global financial crisis lowers prices. The Algerian company, a joint venture with Algeria's Sentrax, could sell 600 semi trailers in its ...

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