Stocks Market
Amethis Fund II Sells 422,000 Vicenne Shares, Cutting 10% Stake Below Target
On April 15, 2026, Amethis Fund II SCA SICAR sold 422,000 shares of Morocco’s VC‑backed rare‑earth group Vicenne on the Casablanca Stock Exchange. The transaction valued the shares at 425.94 MAD each, pushing the fund’s ownership below the regulatory 10 % threshold to 5.88 %. The fund plans to halt further sales over the next six months, potentially stabilizing Vicenne’s shareholder base as it pivots toward a more defensive allocation. The move highlights how institutional investors adjust exposure in fast‑growing sectors and may impact short‑term liquidity for the stock.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Amethis Fund II Pulls Back from Vicenne, Falling Under 10% Threshold
The Casablanca Stock Exchange reported that Amethis Fund II SCA SICAR liquidated 422,000 shares of Vicenne Ltd. on April 15, 2026. Each share was sold at 425.94 MAD, a modest premium over the market price at the time.
- Post‑trade ownership: 604,138 shares, representing 5.88 % of Vicenne’s capital.
- Regulatory implication: Falling below the 10 % ownership threshold triggers a change‑in‑control notice to the AMMC.
- Future plans: Amethis will pause further sales for the next six months to limit volatility.
This divestiture comes as Vicenne strengthens its commercial foothold—reporting a 30 % revenue rise in 2025 and a 58 % profit increase in early 2026. The fund’s strategic pullback aligns with a broader trend of institutional investors recalibrating exposure in high‑growth, high‑valuation sectors.
Implications for the Market
Short‑term liquidity may tighten as the fund’s withdrawal reduces the supply of shares. In the medium term, a lower institutional stake could buoy the stock price if the market perceives improved stability and a stronger management focus.