Industry: CDG Invest Management Takes a Stake in Samta Metals & Alloys

CDG Invest Management, via its Nama Fund I, and the Samta Group have announced the signing of an investment protocol for a minority stake in Samta Metals & Alloys, a subsidiary of the Samta Group specializing in copper and aluminum recycling. The project aims to produce cathodes, copper wires, and high-purity aluminum alloy ingots, intended to supply the local industrial ecosystem. This initiative aligns with the national strategy for developing a circular economy and accelerating the ecological transition of the industry. By establishing a Moroccan non-ferrous metal recycling sector, the project enhances the local integration of key industrial value chains, particularly in the automotive, aerospace, and electrical equipment sectors, while reducing dependence on raw material imports. The investment from Nama Fund I will provide Samta Metals & Alloys with the necessary resources to finalize and expedite the implementation of its project, with the ambition of gradually increasing production capacity to position the company as a regional hub for non-ferrous metal recycling and sustainable raw material production in North Africa. On this occasion, Mr. Salaheddine KAMALI, Deputy General Director of CDG Invest Management, stated: “We are very pleased to partner with the Samta Group on this strategic project for our local industry. This operation addresses two key challenges: the local integration of essential industrial sectors and the decarbonization of our industrial base. Recycling copper and aluminum indeed reduces the carbon footprint compared to primary production, especially since the project will rely exclusively on green energy. We are convinced that Samta Metals & Alloys has the potential to become a true national and regional champion in non-ferrous metal valorization.” Mr. Ravi Agrawal, Managing Director of the Samta Group, commented: “We are honored to collaborate with CDG Invest Management to realize this transformative project. Their investment strengthens our capacity to accelerate our development and position Samta Metals & Alloys as a regional leader in recycled copper and aluminum products. It also confirms our commitment to enhancing Morocco's industrial capabilities and supporting the transition to green and responsible production. We would also like to thank Upline Corporate Finance for their support in this operation.” The completion of this operation remains subject to the fulfillment of usual suspensive conditions.