Significant Movement in Magasin Général's Capital
The capital of Magasin Général has experienced a significant movement, but without any impact on the nature of the company's ownership. MED Invest Company SA has announced that it has crossed the 66.66% threshold in the capital of the distribution company after selling 400,000 shares, representing 2.54% of its capital. The company now directly holds 66.16% of Magasin Général's shares, in addition to 20.50% held in concert.
Sale and New Shareholder
The sale was made in favor of Lloyd Vie, which has now crossed the 5% threshold in the company's capital. Lloyd Vie now holds 5.10% of the capital. The insurer is acting in concert with MED Invest Company SA, making these transactions a neutral operation in terms of control over Magasin Général.
Transaction Details
The operation took the form of a block transaction, carried out on December 10, 2025, at a unit price of 9 TND per share, totaling 3,600 MTND. This represents a discount of 1.6% compared to the closing price on the same day.
Strategic Implications
These operations are at the heart of the strategy of large groups, facilitating the transfer of funds, guarantees, and assets. A subsidiary can finance the acquisition of shares in another company, allowing for structures with limited initial equity contributions from the parent company, creating a leverage effect. However, the structure remains a coherent network, applying a clear strategy in harmony with other entities.
