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TLG Capital acquires river cruise company in Cambodia

TLG Capital has added Compaqnie Fluviale du Mekong, a river cruise company based in Cambodia, to its portfolio.

This represents TLG Capital’s third company under management following its first two investments in Uganda and Ghana.

CFM is the oldest company to offer river cruises along the Mekong River. Its current fleet of four ships offer tourists the opportunity to explore cities and remote villages on the Mekong in both Vietnam and Cambodia.

Cambodia alone attracts close to two million tourists and is expected to more than double in the next five years with the UK, France, Germany, and Australia representing the majority of the tourists. 

Naidah Yazdani, chief executive of CFM, says: "A partnership with TLG Capital represents a great opportunity for CFM to seek strategic guidance in diversifying our revenue lines and market scope. Being the first company on the Mekong to offer river cruises to the market, we have extensive experience with a variety of terrains in the region and preferences of tourists as we seek to grow our business."

Zain Latif, principal of TLG Capital, says: "We see the tourism market growing substantially in the years to come and Cambodia is a country that has great potential. We are confident that our investment exposure will be fulfilled through companies like CFM where our aim is to promote social development and achieve commercial returns. The company employs over 85 employees, contributing positively to the local market."

TLG Capital was set up in 2009 to invest and work with companies in frontier markets.

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