Mutandis moves to acquire majority stake in Enosis, owner of Mio and Zen

The group founded by Adil Douiri aims to become the majority shareholder of its competitor Enosis, an acquisition that would generate 150 million dirhams in annual EBITDA. It announced the move alongside its half-year financial results, which reveal mounting pressure on margins. Analysis. Mutandis is going on the offensive. The group founded by Adil Douiri...