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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 issued 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 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: The company “Marcegaglia Steel S.p.A”;
- The target: The company “Isopan S.p.A”.
Nature of the operation
- Takeover
Economic sectors concerned
- Market for foam sandwich panels;
- Market for mineral fiber sandwich panels;
- Market for the production and marketing of corrugated sheets.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e. September 16, 2024.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION
The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company “Marcegaglia Steel S.p.A.” (Marcegaglia) of a 50% stake in the share capital of the company “Isopan S.p.A.” (Isopan), currently exclusively controlled by the company “Manni Group S.p.A.” (Manni Group), thus acquiring joint control. Before acquiring 50% of Isopan, Marcegaglia will indirectly transfer to the latter the activities related to the production and marketing of insulating sandwich panels; part of the business areas currently controlled by its subsidiaries “Marcegaglia Buildtech S.r.l.” (under Italian law) and “Marcegaglia Poland Sp. Z o.o” (under Polish law).
“Marcegaglia Steel S.p.A.” is an Italian company, a 100% subsidiary of “Marcegaglia Holding S.r.l.”, the parent company of the Marcegaglia group (the Marcegaglia Group), which is active worldwide in the production of carbon steel and stainless steel, in the processing of this steel into carbon steel products and, to a lesser extent, into flat and long stainless steel products and heavy plates. Through Marcegaglia’s business branches.
“Isopan S.p.A” is an Italian company, 100% owned by Manni Group, and active in the production and marketing of metal panels and insulation systems with a high isothermal coefficient for roofs and walls.
Done in Rabat, on September 5, 2024
