2023-06-10 08:10:00
The Mutandis company has just signed a transfer contract with the Société des Boissons du Maroc (SBM), with a view to acquiring “Ain Ifrane”. Amount of the transaction: 380 million dirhams.
The operation follows an offer made by Mutandis to SBM last December. The Ain Ifrane brand generated in 2022 an annual turnover of around 240 million dirhams and a net current result of around 25 million dirhams. The integration of “Ain Ifrane” into the Mutandis group will make it possible to create a drinks division generating more than 350 million dirhams in turnover.
The closing of this transaction will not be immediate. Several conditions must be met before the deal closes. Among them are the obtaining of the necessary regulatory authorizations, in particular the approval of the Moroccan Competition Council, and the prior sale by SBM to EAE of the “mineral water” distribution activity. Both parties hope to complete the transaction during the month of July 2023.
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#Ain #Ifrane #sold
