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Morocco: BİM sold 35% of its affiliate for US$ 83 million

Discount Retail Chain BİM (publicly listed and Turkish largest discount chain and market leader) announced that the sale of 35% shares in its affiliate in Morocco was completed with a price of US$83.2 million. The profit to be generated as a result of the sale was increased from the 455 million lira (US$55 million) level announced in December to 587 million lira (US$71 million).

The sale of 35% of BIM Stores Sarlau, which carries out its Moroccan activities, announced in December in BİM's statement, has been completed.

The shares were sold to Blue Investment Holding, which is managed by the UK-based private equity fund Helios Investment Partners, which is an expert in investing in African countries, as previously explained.


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