Amethis Finance, a Luxembourg-based investment fund manager dedicated to the African continent, has divested the minority stake it holds in Compagnie de distribution de Côte d'Ivoire (CDCI). The stake was divested to Moroccan group Retail Holding (parent company of the Label-Vie group), the second-largest company in Morocco’s mass retail sector. With this operation, Retail Holding becomes CDCI’s majority shareholder.
Amethis indicated that it has contributed to the repositioning and strengthening of the distribution network of the Ivorian company specializing in the marketing of consumer products. “Amethis' acquisition of a stake in CDCI at the end of 2014 enabled the company to modernize and expand its distribution network with the opening of more than 20 stores across the country. The operation also enabled CDCI to strategically reposition its retail business, rebrand its King Cash brand and renovate its existing stores,” Amethis said in a statement.
Within four months, Amethis carried out divestiture transactions. In June 2019, the fund manager sold its stake in the Moroccan group Dislog, which operates in the consumer goods distribution market.
Chamberline Moko
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expan...
Algeria launches bid for two NGSO satellite telecom licenses Move aims to expand broadband ac...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as...
Coca-Cola unit trains 260+ SMEs in Namibia business skills Program targets women, youth, disabled...
Libya tests 130 km pipeline to reduce gas flaring Project to recover 150 million cubic feet daily Move aims to ease bottlenecks, improve gas network...
Côte d’Ivoire to receive €157.9 million Global Fund support Funds target HIV, tuberculosis, malaria programs for 2027–2029 Country...
Africa agrochemicals market to reach $15.08 billion by 2031 Growth driven by pests, food demand, government subsidies Fertilizers...
Montage Gold secures five exploration permits in northern Mauritania Move supports efforts to reduce reliance on Tasiast mine $2 million...
Fally Ipupa plans a two-part album project combining urban sounds and traditional rumba. The first album “XX” releases on April 17, while “XX Delirium”...
MASA 2026 gathers artists and industry professionals from over 28 countries in Abidjan. The event features 99 performances across market and...