Press release from the Competition Council regarding an economic concentration involving the creation of the joint venture « Project Puma C-8 SA », by the company « Realities Africa SAS » and « Mazagan Development and Planning Company SA »

In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the « operation summary » below, containing information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. 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 104-12 on freedom of prices and competition.

Names of the companies and groups involved:

• – Realities Africa SAS ;
• – Mazagan Development and Planning Company SA ;
• – Project Puma C-8 SA.Operation nature

– Creation of a joint venture.

Economic sectors concerned

– Real estate services.

Deadline for interested third parties to submit their observations

– 10 days from the date of publication of this press release, i.e., May 2, 2023.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The operation consists of creating a joint venture « Project PUMA C-8 SA » by the company « Realities Africa SAS » and « Mazagan Development and Planning Company SA », which will be active in the real estate services sector.

Done in Rabat on April 20, 2023.