Press release from the Competition Council regarding the economic concentration project concerning the joint takeover of the company “Verkor S.A.S.” and its subsidiaries by the company “Meridiam S.A.S” and the company “Macquarie GIG Energy Transition Solutions Holdings SCSp”.

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 involved:
– The acquirers: the company “Meridiam S.A.S.” and the company “Macquarie GIG Energy Transition Solutions Holdings SCSp”;
– The target: the company “Verkor S.A.S.” and its direct and indirect subsidiaries held 100%.
Nature of the operation:
– Joint takeover.
Economic sectors concerned:
– Manufacture and supply of battery cells and modules.
Deadline for interested third parties to submit their observations:
10 days from the date of publication of this press release, i.e. October 20, 2023.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
Meridiam is an alternative investment fund manager specializing in long-term investments in public and community infrastructure.
Macquarie Infrastructure and Real Assets (Europe) Limited (MIRAEL) is a subsidiary wholly owned by Macquarie Group Limited (Macquarie), acting as the portfolio manager of the MGETS Fund. MIRAEL is ultimately controlled by Macquarie (Australia) which provides asset management and financing, banking, advisory, risk, and capital services in debt, equity, and commodities.
Verkor develops battery modules for electric vehicles based on lithium-ion technology and plans to build a factory in Dunkirk (France) for the production of battery modules for electric vehicles and, to a lesser extent, for other non-automotive industrial applications.
Done in Rabat on October 9, 2023