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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 adopted for its implementation, the Competition Council makes available to the public the following “operation summary” below, containing information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible for it. 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 adopted for the implementation of Law 104-12 on freedom of prices and competition.
Names of the companies and groups involved:
- – The acquirer: Company « CDG Invest S.A»;
- – The target: Company « Strapack Morocco S.A.R.L».Nature of the operation
– Joint control acquisition.
Economic sectors concerned
– Sector of manufacturing and distribution of plastic strapping bands. 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 Competition Council has received notification of a concentration operation consisting of CDG Invest acquiring 30% of the share capital and associated voting rights of Strapack Morocco.
This equity stake will be acquired through CDG Invest subscribing to shares of Strapack Morocco as part of a capital increase totaling 12,500,000 dirhams.
Strapack Morocco is active in the market for manufacturing and distributing plastic strapping bands.
Done in Rabat on April 20, 2023.
