Nasrollah & Associés - Baker McKenzie has advised BIM Birleşik Mağazalar Anonim Şirketi (A.Ş.), the leading Turkish discount food retailer, on the sale of 35% of the capital and voting rights of its Moroccan subsidiary, BIM Stores Sarlau, to the private equity firm Helios Investment Partners, an investment company operating in Africa and based in London. The objective of this operation is to maintain the growth of the chain of BIM stores in Morocco as well as to reinforce its localisation and its capacity to create value thanks to the expertise of investors specialising in the region.
After the transaction, BIM Birleşik Mağazalar Anonim Şirketi (A.Ş.) will continue to hold 65% of the capital of BIM Stores Sarlau.
The finalisation of the transaction can only go ahead once authorisation has been obtained from the regulatory authorities.
To conduct this operation, the Moroccan team of Nasrollah & Associés - Baker McKenzie included Kamal Nasrollah, partner, Keltoum Boudribila, senior associate, Rania Chawad, Hasnaa Sbai, and Laila Boujida, associates.