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
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Moniepoint, Opay, Kuda, and others gain national status with tighter oversight A naira 5 billion ...
ECOWAS has provided CFA400 million to support refugee assistance in Togo. The funding targets the...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new fo...
Benin launched its “Benin 2060 Alafia” national development vision, adopted by parliament in July 2025. The strategy rests on four pillars: peace, good...
The United States advanced talks to source critical minerals from the DRC, targeting assets operated by Ivanhoe Mines and Glencore. Ivanhoe said...
Akrake Petroleum completed the AK-2H production well at the offshore Sèmè field. Technical results confirmed high porosity and oil saturation,...
Equatorial Guinea increased GEPetrol’s stake from 5% to 32.55% in the Aseng Gas project. Chevron committed to finance the increase while retaining its...
Fela Kuti received a posthumous Lifetime Achievement Award from the Recording Academy He is the first African artist recognized by the Grammys...
Manovo-Gounda-St Floris National Park is one of the largest protected areas in Central Africa. Located in the northeastern part of the Central African...