The amount of the transaction would be around $ 70 million with a price adjustment that can vary between $ 7 and 12 million, informs Ecofin Agency, specifying that this sale proposal comes two months after the decision of the Turkish group to value its assets in Morocco and Egypt, with the option of partnerships with local or foreign investors.
At the beginning of the year, recalls the site, the Turkish food distribution brand had closed stores, following a decision by the Moroccan Minister of Commerce. He blamed him for the absence of Moroccan products in his stores.
The outcome of this buyout proposal will be known at the end of the discussions between the two parties, concludes the same source.
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