Poulina Group Holding offers to acquire Maghreb Private Equity Fund IV LLC's stake in Land'Or, valuing the company at 205 million dinars

Maghreb Private Equity Fund IV LLC MPEF IV, a foreign investment fund, has received a binding offer from Poulina Group Holding PGH to acquire all of its direct and indirect participation in the Land’Or group. If successful, the transaction would value Land’Or's equity at 204.8 million dinars, corresponding to a price of 14.860 dinars per Land’Or share. Land’Or specified in a statement to its shareholders and the public that the offer from Poulina Group Holding concerns the entirety of the stake held by MPEF IV.

This announcement follows a previous statement from Land’Or in February 2026, which reported on the evolution of the investment fund's participation in the company's capital. The PGH offer is a significant step in the reorganization of Land’Or's shareholding, potentially introducing a major Tunisian industrial player into the group's capital. The transaction's completion is contingent on MPEF IV's governance bodies accepting the offer, as well as several standard conditions precedent.

These include the absence of opposition from the Financial Market Council CMF and authorization of the economic concentration by the Competition Council. The negotiation and signing of definitive contractual documentation are also necessary steps before the transaction can be finalized.