The Moroccan Capital Markets Authority (AMMC) has approved the prospectus for the complete merger of Label’Vie into Retail Holding, involving a capital increase of MAD 6,264,161,930.24. The transaction entails issuing 1,056,736 new shares at MAD 5,927.84 each, with a nominal value of MAD 100 per share. The exchange ratio is 11 Label’Vie shares for eight Retail Holding shares. Completion remains subject to approval at both companies’ shareholder meetings, scheduled for Nov. 20, 2026. It also requires AMMC approval of the prospectus for Retail Holding’s initial public offering.