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Fipar : Signing of an agreement selling to Colbert Finance its stakes in Colorado

Colbert Finance and Fipar-Holding announced the signing of an agreement for the sale by Fipar Holding to Colbert Finance of its entire stake in the company Colorado. Remember, Fipar-Holding had acquired in 2006 15% of the capital of Colorado, the national leader in paints. Colbert Finance and Fipar Holding welcome the excellence of the relationship forged since 2006 to date which has advanced the development of Colorado.

Colbert Finance thereby consolidates its majority stake in the capital of Colorado.

Soleiman Berrada, CEO of Finance Colbert said: "We want to consolidate our participation in Colorado and continue its growth in international markets including Africa and the countries of the Arabian Peninsula."

About Colbert Finance: Colbert is a financial holding company founded by the Berrada family in 2010, which holds the majority stake in Colorado.

About Colorado: Colorado is a Moroccan company specializing in the manufacture and distribution of paints, a leader in outdoor and indoor paints. Colorado has been listed on the Casablanca stock exchange since 2006 and is certified ISO9001, ISO14001 and 18001 OHASAS.