Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Unatrac Holding Limited” of the exclusive control of the company “Groupe Premium S.A” and its Moroccan subsidiaries through the acquisition of 51% 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 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 party, which is 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 involved:

• The acquirer: The company “Unatrac Holding Limited”;
• The target: The company “Groupe Premium SA” and its Moroccan subsidiaries.

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned

• The market for the sale and rental of construction machinery and equipment;
• The market for the sale and rental of mining and quarrying machinery and equipment;
• The market for the sale and rental of industrial machinery and equipment;
• The market for the sale of heavy trucks;
• The market for the sale and rental of agricultural machinery and equipment.

Deadline for interested third parties to submit their observations

• 5 days from the date of publication of this press release, i.e., July 29, 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 “Unatrac Holding Limited” of the exclusive control of the company “Groupe Premium SA” and its Moroccan subsidiaries through the acquisition of 51% of the share capital and related voting rights.

“Unatrac Holding Limited” is a company based in Dubai, United Arab Emirates law, active in the sale and rental of specialized machinery and equipment.

“Groupe Premium SA” is a Moroccan joint-stock company, specialized in the distribution and marketing of machinery and equipment in the sectors of construction and public works, industry, mines and quarries, transportation, and agriculture.

 

Done in Rabat on July 22, 2024.