DISLOG GROUP ACQUIRES CMB PLASTIQUE FROM MUTANDIS GROUP

The industrial group Mutandis, specialized in fast-moving consumer goods, has announced that it has signed an agreement to sell its subsidiary CMB Plastique, which deals with the production of plastic bottles and caps, to Dislog Group for a sum of 330 million dirhams.

“This transaction will also allow Dislog Group to strengthen its position as an industrial group,” says Moncef Belkhayat, CEO of Dislog Group.

CMB Plastique, the company housing this activity, is the Moroccan leader in the production of PET preforms (bottles before blowing), with an annual volume of nearly 700 million preforms per year.

The transaction will reduce Mutandis’ debt level and will not have a significant impact on the group’s current net income, as the savings on financial expenses will nearly offset the contribution of the divested activity to the group’s overall result.

The transaction is expected to be completed during the first quarter of 2024, subject to the approval of the Competition Council.

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MONCEF BELKHAYAT: “AFTER FRANCE, DISLOG WILL EXPAND INTO SPAIN, PORTUGAL, AND THE BENELUX COUNTRIES”

Expansion in Europe, departure from the Tunisian market, profitability in the media sector, African prospects for 2024… The head of the Moroccan holding company H&S Invest and former minister discusses the development of his group and addresses the major challenges facing the continent.

Carré Suisse, Cultures de France, Taste Distribution… After suspending its investments in Tunisia, the Dislog group has been multiplying acquisitions in France for the past year. The goal: to replicate its industrial model in France before continuing its expansion across Europe.

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ANDALUSSIYAT FESTIVAL: AL ALA, FLAMENCO, AND FADO MIX IN RABAT

The Arab-Andalusian music, Flamenco, and Fado were featured on Friday evening at the Mohammed V Theater in Rabat, to celebrate the 20th edition of the Andalussiyat Festival.

Organized under the High Patronage of King Mohammed VI, this musical event, initiated by the Association of Andalusian Music Enthusiasts (AAMAM), under the auspices of the Ministry of Youth, Culture, and Communication, is part of the joint celebration of the World Cup hosted by Morocco, Spain, and Portugal.

Titled “The Two Shores,” the concert allowed music lovers to embark on a journey through rhythm and sound, with performances by the Rawafid Ensemble, conducted by Master Omar Metioui, the Spanish Flamenco troupe led by Gema Caballero, and the Portuguese Fado troupe led by Vanessa Alves.

In a statement to Infomédiaire, Aziz Alami, a member of the AMMAM Board, spoke about the highlights of the 20th edition of the Andalussiyat Festival, explaining that it was a perfect opportunity to “showcase the latest achievement of the Association,” namely the universal anthology of Al Ala.

Held under the theme “Music and Sport, Two Vectors for Development and Coexistence,” the 20th edition of the Andalussiyat Festival is taking place from December 7 to 9 in Casablanca, Rabat, and El Jadida, with the aim of highlighting the cross-border nature of Andalusian music and Morocco’s deep attachment to its intangible cultural heritage, of which Andalusian music is a major component.

It is worth noting that Dislog Group has announced its support for the promotion of this ancient music by becoming one of the official sponsors of the Association of Andalusian Music Enthusiasts of Morocco (AAMAM) for the next five years.

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