Press Release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the fund ‘Nama Fund I FPCC-RFA’ of the company ‘Samta Metals & Alloys SA’, alongside the historical shareholder ‘Samta Management Services DMCC’

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the transaction” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups involved:

• The acquirer: “Nama Fund I FPCC-RFA”;
• The target: “Samta Metals & Alloys SA”;
• The historical shareholder: “Samta Management Services DMCC”.

Nature of the operation

• Joint control acquisition.

Economic sector concerned

• Recycling, refining and production of non-ferrous metals, mainly aluminum and copper, from metal waste.

Deadline for interested third parties to submit their comments

• 10 days from the date of publication of this announcement, i.e., January 19, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the acquisition of joint control by the fund “Nama Fund I FPCC-RFA” of the company “Samta Metals & Alloys SA”, alongside the historical shareholder “Samta Management Services DMCC”.

“Nama Fund I FPCC-RFA” is a collective investment fund in private equity with simplified operating rules, approved by the Moroccan Capital Market Authority (AMMC) under number AG/FPCC/001/2025, whose management company is “CDG Invest Management”.

The target, “Samta Metals & Alloys SA”, is a Moroccan public limited company, registered with the Kenitra Trade Register under number 69549, whose registered office is located at I1 113 Bis, Atlantic Free Zone, Ameur Seflia Municipality, RN4, Kenitra, Morocco. It is active in the production and marketing of metallurgical products, in particular aluminum ingots and copper wires, from metal waste, as well as the import, export and trading of metals.

The historical shareholder, “Samta Management Services DMCC”, is a company duly incorporated and existing under the regulations of the Dubai Multi Commodities Centre, registered under number DMCC187302. It is active in management and specialized consulting in the mining sector.

 

Done in Rabat on January 08, 2026