Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company ‘Ardian France SA’ of the company

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 ‘operation summary’ below, containing the information provided by the parties.

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

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: ‘Ardian France SA’;
• The target: ‘MG Holding SAS’.

Nature of the operation:

• Exclusive control acquisition.

Economic sectors concerned:

• Maintenance of equipment for electrical infrastructures, particularly in the high voltage segment.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. June 30, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the exclusive takeover by the company ‘Ardian France SA’ of the company ‘MG Holding SAS’.

‘Ardian France SA’ is a French public limited company, registered with the Paris Trade and Companies Register under number 403201882 and headquartered at 20 Place Vendôme 75001, Paris, France. Its activity consists of providing investment management services to a number of investment funds.

The company ‘MG Holding SAS’ is a simplified joint-stock company registered with the Grenoble Trade and Companies Register under number 852947407 and headquartered at 2 rue Neva, 38000 Grenoble, France. It is the parent company of the ‘MasterGrid’ group, which specializes in the manufacture and maintenance of equipment for electrical infrastructures, particularly in the high voltage segment.

The ‘MasterGrid’ Group has a subsidiary in Morocco, ‘MasterGrid Maroc SARLAU’, which is a single-member limited liability company, registered with the Casablanca Trade Register under number 470563 and headquartered at 104 Bis Boulevard Abdelmoumen– Casablanca.

 

Done in Rabat, June 19, 2025