In a notable shift within Morocco’s financial landscape, Best Financière—the principal shareholder of retail giant Label’Vie—has scaled back its stake in Vicenne, a leading medical equipment company, following a mid-July share sale. The transaction, executed on July 16, saw Best Financière offload 547,813 shares in a block trade at a unit price of 236 dirhams. This move brought the company’s holding below the 33.33% ownership threshold, according to a statement released by Morocco’s Capital Markets Authority on August 1.
Post-sale, Best Financière now controls just over 3 million shares in Vicenne, representing a 29.42% share in the company’s capital. The firm has indicated it does not plan to make further sales of Vicenne stock within the next six months, following this latest divestment. The decision comes just weeks after Vicenne made its market debut on June 19, signaling heightened activity and investor repositioning around the newly listed firm.
In a parallel move, Amethis Fund II SCA SICAR also reduced its exposure to Vicenne, recently falling below the 20% threshold. The investment fund sold one million shares on the Casablanca Stock Exchange’s central market, at a significantly higher unit price of 417.80 dirhams. While Amethis has not ruled out further divestments, it noted that any future moves will depend on prevailing market conditions over the next half-year.
These consecutive stake reductions by major shareholders suggest a phase of strategic portfolio realignment, even as Vicenne begins its life as a publicly traded company. With both Best Financière and Amethis signaling a cautious stance in the short term, all eyes will be on how Vicenne’s stock evolves in the months ahead.
