Poulina Group Holding (PGH) announced to its shareholders and the public the completion of its strategic acquisition, following the acceptance of its offer to acquire 45.48% of JM Holding’s capital, a stake previously held by Olea Holding.
As a reminder, JM Holding is the main shareholder in the Société d’Articles Hygiéniques (SAH), holding 65.73% of its capital.
The transaction was carried out between Partner Investment, a PGH subsidiary, and Olea Holding Limited. All preconditions for the deal have been fully met, including institutional approvals, audit completion, contract signing, and regulatory authorizations.
The JM Holding share price was indexed based on a valuation of SAH shares at 12 Tunisian dinars per share, with the transaction set to close on July 7, 2025.
This indirect stake in SAH, equivalent to 29.9% of its capital, aligns with PGH’s targeted investment and business diversification strategy, focusing on high-potential sectors.
The deal also marks the beginning of a strategic partnership between the two groups to create lasting industrial, logistical, and commercial synergies.
The transaction was facilitated by MAC SA, a leading financial advisor whose support was instrumental in the successful conclusion of negotiations.
Following the deal, Mrs. Jalila Mezni and Mr. Mounir El Jaiez remain the majority shareholders of JM Holding, which continues to be the main shareholder of SAH.
Both reaffirm their commitment to advancing SAH’s ambitions and growing the Lilas brand.
