Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company ‘Building Logistics Services SA’ of the company ‘Transload SARL’, through the acquisition of 100% of its share capital and related voting rights

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented, 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 was prepared by the notifying party, which is solely responsible. 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 concerned:

• The acquirer: ‘Building Logistics Services SA’;
• The target: ‘Transload SARL’.

Nature of the transaction

• Exclusive takeover.

Economic sectors concerned

• Freight transport.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., September 22, 2025.

NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration transaction concerning the exclusive takeover by the company ‘Building Logistics Services SA’ of the company ‘Transload SARL’, through the acquisition of 100% of its share capital and related voting rights.

‘Building Logistics Services SA’ (BLS) is a Moroccan joint stock company with its registered office in Zone Industrielle Ouled Saleh Bouskoura, Casablanca, registered with the Casablanca Trade Register under number 250301. BLS is active in the warehousing of goods, fast-moving consumer goods, hygiene products, food, health, and cosmetics.

BLS is controlled by (i) the company H&S Invest Holding, a Moroccan joint stock company, registered with the Casablanca Trade Register under number 140531, and (ii) by the French company STOA, which is a French investment fund holding minority stakes in predominantly greenfield projects in Africa, Asia, and Latin America, in the energy, transport and logistics, telecommunications, environment, and social sectors, (‘STOA’) and by the International Finance Corporation (IFC), a global financing institution, a member of the World Bank Group.

‘Transload SARL’, a Moroccan limited liability company with a capital of 6,000,000 dirhams, whose registered office is located at 6 Rue du 6 octobre 5^ème étage, Casablanca, registered with the Casablanca Trade Register under number 186711. It is active in the freight transport sector.

 

Done in Rabat, September 11, 2025.