Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “SAS Shipping Agencies Services S.à.r.l.”, a wholly-owned subsidiary of “MSC Mediterranean Shipping Company SA”, of the exclusive control of the company “Clasquin S.A” through the acquisition of 42.06% of its share capital and related voting rights and the filing of a public tender offer for the remaining shares

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 below “operation summary” containing 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 involved:

• The acquirer: The company “SAS Shipping Agencies Services S.à.r.l.”;
• The target: The company “Clasquin S.A”.

Nature of the operation

• Acquisition of exclusive control.

Economic sectors concerned

• Transport sector (Maritime transport, Cross-border transport commissioning, and logistics services).

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., June 3, 2024

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the project for the acquisition by the company “SAS Shipping Agencies Services S.à.r.l.” (“SAS Lux”), a wholly-owned subsidiary of “MSC Mediterranean Shipping Company SA”, of the exclusive control of the company “Clasquin S.A.”.

“SAS Lux”, a Luxembourg company, is wholly owned by the Swiss company “MSC Mediterranean Shipping Company SA”. The MSC Group, headquartered in Geneva, Switzerland, operates globally in the maritime container shipping, port handling, logistics, and passenger maritime transport sectors. In Morocco, the MSC Group is mainly engaged in providing regular container shipping services on the high seas.

“Clasquin SA” is a French company primarily active in the cross-border transport commissioning sector, providing solutions for international shipping of various types of goods by air, sea, land, rail, or river. “Clasquin” operates in Morocco in the cross-border transport commissioning and logistics sectors.

 

Done in Rabat on May 23, 2024