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Fuchs to Make Strategic Investments in African JVs

MT Newswires·10/28/2026 06:48:51
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06:48 AM EDT, 10/28/2026 (MT Newswires) -- Germany-listed lubricant supplier Fuchs (FPE.F) is expanding its footprint in Africa through various strategic investments, expected to close in early 2027. The group agreed to acquire 100% ownership of its former joint venture operations in Zimbabwe, Zambia and Mozambique, according to a Wednesday release. Further, Fuchs is purchasing a controlling share in a new joint venture in Kenya and boosting its shareholding to a controlling stake in its existing Tanzanian joint venture.