Morocco’s Capital Market Authority (AMMC) approved the prospectus for the proposed merger of listed retailer Label’Vie into its parent Retail Holding on Thursday, 5 November 2026. The transaction would involve the issuance of shares worth MAD6.26 billion in exchange for securities contributed as part of the merger.
Under the disclosed terms, Retail Holding would issue 1,056,736 new shares priced at MAD5,927.84 each, representing a total of MAD6,264,161,930.24. The shares have a nominal value of MAD100 apiece. The consideration would take the form of an exchange of shares, with Label’Vie shareholders receiving Retail Holding stock.
The proposed exchange ratio is eight Retail Holding shares for every eleven Label’Vie shares. The arrangement would consolidate shareholders’ interests in Retail Holding, the parent of the Casablanca-listed supermarket operator, as the group reshapes its listed-company structure.
Shareholder votes set for 20 November
The regulator assigned the merger prospectus approval the reference VI/EM/034/2026. Retail Holding is also preparing its own Casablanca Stock Exchange listing as part of the restructuring, a separate market operation requiring another AMMC-approved prospectus.
Extraordinary shareholder meetings at both companies are scheduled for 20 November 2026 to vote on the merger. The AMMC’s transaction record names CFG Finance as financial adviser.