Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company ‘Valoris Equity Fund’ of the company ‘JTTL SA’

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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘summary of the operation’ below, containing the information provided by the parties.

This information has been 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 issued 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: ‘Valoris Equity Fund’;
• The target: ‘JTTL SA’.

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned

• Transit services and logistics services.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. May 23, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the exclusive takeover by the company ‘Valoris Equity Fund’ of the company ‘JTTL SA’, through the acquisition of 80% of its share capital and voting rights attached thereto.

‘Valoris Equity Fund’ is a collective investment fund in capital governed by Law No. 41-05 on collective investment funds in capital, managed by the Moroccan joint stock company ‘Valoris Capital’ specialized in investment fund management, which is a subsidiary of ‘Valoris Group’, a Moroccan joint stock company active in consulting and financial engineering, real estate investment, and stock market intermediation.

‘JTTL SA’ is a Moroccan joint stock company, specialized in the activity of transit as well as logistics services.

 

Done in Rabat on May 13, 2025.