Fund manager Amethis has sold is 29% stake in Moroccan FMCG distributor Dislog Group. It has owned the stake since 2014 through its investment vehicle Amethis Maghreb. The shares have been sold back by H & S Invest Holding, owned by politician Moncef Belkhayat’s family.
Dislog Group, founded in 2005, is a leading Moroccan FMCG distributor, working with P&G, Mars, BAT, Kellogg’s and Duracell, among others. It has a fleet of 780 vehicles and has 26 warehouses and operates in Morocco, Mauritania and the UAE.
H & S Invest Holding, also founded in 2005, is owned by Moroccan politician Moncef Belkhayat. It owns a range of distribution and marketing companies. After buying back Amethis Finance’s stake in Dislog, the company acquired a further 12% stake from BMCI, subsidiary of the French financial group BNP Paribas. Through H & S Invest Holding, the Belkhayat family now controls 92% of Dislog Group’s shares.
