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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 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 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: Boyden 4 SARL
- The target: Stahl Holdings BV
Nature of the operation
- Acquisition of exclusive control.
Economic sectors concerned
- Supply of chemicals for leather.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e. January 2, 2025.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company “Boyden 4 SARL” of 100% of the share capital and voting rights of the company “Stahl Holdings BV” and its subsidiaries operating in the field of chemicals for leather.
“Boyden 4 SARL” is a Luxembourg limited liability company, with its registered office at 2C, rue Nicolas Bové, L-1253 Luxembourg, Grand Duchy of Luxembourg. “Boyden 4 SARL” is an entity established on October 30, 2024 for the intended operation. This entity is indirectly owned by the company “Syntagma Capital Partners 1 SCSp”, which is a Luxembourg investment fund managed by the company “Syntagma Capital Partners 1 GP SARL”. The latter is an investment company founded by Mr. Sébastien Le Moult with the participation of Mr. Frank Coenen and Mr. Benjamin Dahan and generally focuses on investment opportunities in companies.
“Stahl Holdings BV” is a limited liability company incorporated in the Netherlands with its registered office at Sluisweg 10, 5145 PE Waalwijk, Netherlands, operating as a holding company. The company, through its subsidiaries, operates in the field of chemicals used in the leather industry, its preparation, and transformation.
Done in Rabat, December 19, 2024
