Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by “CDG Invest SA” of the company “Alhora Alqabida SARL”, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners

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. 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: “CDG Invest SA”;
• The target: “Alhora Alqabida SARL”.

Nature of the transaction:

• Joint takeover.

Economic sectors concerned:

• Market for the processing, valorization, and marketing of agricultural products.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. April 16, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration transaction consisting of the joint takeover by the company “CDG Invest SA”, a subsidiary of the Caisse de Dépôt et de Gestion, of the company “Alhora Alqabida SARL”, through the acquisition of 22% of the share capital and related voting rights alongside its historical partners.

“CDG Invest SA” is a Moroccan joint-stock company, headquartered in Rabat, Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat, Morocco, and registered with the Rabat Trade Register under number 61511. “CDG Invest” is the investment branch of the Caisse de Dépôt et de Gestion, primarily engaged in holding and managing several thematic investment funds and portfolios of investments.

“Alhora Alqabida SARL” is a Moroccan limited liability company established in 2021, with its registered office at 49 Ahmed Barakat Street, ground floor, No. 3 Mâarif, Casablanca, and registered with the Casablanca Trade Register under number 495649. The company’s purpose is to hold stakes in companies, both in Morocco and internationally. It holds stakes in “Clarence Industries Sarlau” and “Frozentrade International Sarlau”, through which it operates in the sector of processing, valorization, and marketing of agricultural products.

 

Done in Rabat, on April 3, 2025