Dislog Group takes part in the Morocco Capital Markets Days organized by the Casablanca Stock Exchange in partnership with the AMMC, and contacts international investors with a view to its IPO planned for late 2024.
Dislog Group is preparing its IPO, scheduled for the last quarter of 2024. In line with the vision of its reference shareholder, the Group's top management team, represented by Mehdi Bouamrani, CEO Operations, and Zakarya Jerrari, CEO Finance, met with investors and institutional investors at the Morocco Capital Markets Days (MCDM), organized in London on April 26 and 27 by the Casablanca Stock Exchange and supported by the Moroccan Capital Market Authority (AMMC).
The aim was to meet with investment banks and international investment funds interested in investing in Morocco. During the MCDM plenary conference and one-to-one sessions, management initiated talks with several investors. "We seized this pre-IPO opportunity to make ourselves known to the international financial market, and contact has been well established. This mobilization is part of our preparations for our IPO, and I can say that we're on the right track", says Zakaria Jerrari, Dislog Group's Managing Director of Finance.
An IPO is not an end in itself...
The IPO will enable the Group to accelerate its development, particularly internationally, and will represent a high-potential investment opportunity for investors.
In fact, this operation has been the subject of meticulous preparation, as part of a long-term development strategy aimed at turning Dislog into a major industrial group, with expertise across the entire value chain in fast-growing markets. "Dislog Group has solid financial fundamentals. Our corporate governance is no exception. We have a high level of corporate governance. In addition, we have a clear strategic vision, capable of creating maximum added value for both existing and future shareholders," emphasizes Dislog's Chief Operating Officer.
Under the impetus of its reference shareholder, Dislog Group works on a daily basis to bring consumers closer to essential brands in the food, household and personal care sectors, as well as in health, OTC and parapharmacy products.
At the same time, the Group has embarked on a policy of expansion, starting in 2020, with the aim of becoming one of the major industrial players in the FMCG sector, including pharmaceuticals. This is a niche that the Group is constantly strengthening through a series of acquisitions. After joining Kosmopharm's round table in March 2022, Dislog Group recently announced the acquisition of 100 % of the shares in pharmaceutical promotion company Somapharma and 89 % of the shares in pharmaceutical laboratory Steripharma. The closing of this transaction is scheduled for the end of June 2023.
In addition to local development, the group spread its wings in France with the acquisition of Cultures de France, a company specializing in the bio-industry of soups, sauces and juices, based in Cavaillon in the South of France, shortly after acquiring Chocolatier Carré Suisse in France.
Other initiatives aimed at potential investors are in the pipeline and will be unveiled in the coming days.
The Dislog Group currently has several business units, which it intends to strengthen through further acquisitions, necessitating a capital increase, hence the IPO.
What's more, the reference shareholder wants to be part of the country's drive to make the Casablanca stock exchange a leading financial center on the African continent.
