Morocco’s BIM sells 35% minority shares to Blue Investment Holding

MOROCCO – BIM, a Turkish retail chain company, has announced the sale of 35% minority shares of the capital of its subsidiary in Morocco, Bim Stores SARL, to Blue Investment Holding, affiliated with British private equity fund Helios Investment Partners. BIM Morocco said that the total value of the sales stands at MAD 742.10 million (US$83.2 million), with the sales price per share standing at MAD 1,000 (US$112.83). BIM Morocco proceeded to the completion of its sales transaction with Blue Investment holding after both entities signed a sale and purchase…

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Blue Investment Holding acquires 35% stake in BIM Stores SARLAU

MOROCCO – Blue Investment Holding is owned by Helios Investment Partners, a private equity fund manager focused on the Africa region, has acquired 35% stake of BİM BİRLEŞİK MAĞAZALAR (BIM’s) Moroccan subsidiary BIM Stores SARLAU. BIM is a leading discount grocery retailer in Turkey listed on the Borsa İstanbul. The acquisition of the 35% stake values the Company to over US$200 million. “We are very excited about partnering with BIM, a world class partner and the pioneer of discount retail in Turkey, to invest in their market-leading, fast-growing, and profitable…

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