Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Christiania Holding A/S” of the exclusive control of the company “Navquim Holding BV” and its direct and indirect subsidiaries, through the acquisition of 100% of the share capital and related voting rights.

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 confirm the completeness of the file as 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: The company “Christiania Holding A/S”;
• The target: The company “Navquim Holding BV”.

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned

• Sector of maritime transport services for chemical and oil products.

Deadline for interested third parties to submit their observations

10 days from the date of publication of this press release, i.e. September 23, 2024.

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 “Christiania Holding A/S” of the exclusive control of the company “Navquim Holding BV” and its direct and indirect subsidiaries, through the acquisition of 100% of the share capital and related voting rights.

“Christiania Holding A/S” is a Danish limited liability company and a subsidiary of Eitzen Avanti and indirectly of the Eitzen group, which mainly provides certain maritime transport services for chemical and oil products.

“Navquim Holding BV” is a limited liability company in the Netherlands, currently 100% owned by the company “Sogestran Shipping”. It operates globally in the sector of maritime transport services for chemical and oil products, including in Morocco.

 

Done in Rabat on September 12, 2024.