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HomeNewsTunisia: “Monoprix” majority shareholder of “Mercure Market”

Tunisia: “Monoprix” majority shareholder of “Mercure Market”

The Company « Nouvelles Maisons de la Ville de Tunis » (SNMVT) which operates the Monoprix brand has become the majority shareholder of the company “Rayen Distribution” operator of the “Mercure Market” brand, CEO of SNMVT Adel Ayad told TAP on Monday.

This acquisition comes on the heels of a memorandum of agreement reached Monday between SNMVT and shareholders of “Rayen Distribution.”

It is likely to “strengthen the position of the SNMVT and bring it closer to its customers,” he said.

“Mercure Market” has 3 outlets in Tunis, Sousse and Sfax and two others under construction with a sales area of 7,000 m2.

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