Press release regarding the meeting of the Permanent Commission of the Competition Council

In accordance with the provisions of Article 14 of Law 20-13 on the Competition Council, the Permanent Commission of the council held a meeting on Monday, April 17, 2023 at 10:30 a.m., under the chairmanship of Mr. Ahmed Rahhou, President of the Competition Council, to examine the files submitted to it by the Council’s investigation services.

At the beginning of its work, the Permanent Commission approved the Minutes of its meeting held on April 13, 2023.
The Permanent Commission then decided to authorize the following economic concentration operations:

• • The acquisition by the company « Morocco Automotive Retail SA », of all assets related to the automobile distribution of the company « Renault Commerce Maroc SA »;
  • The exclusive control by Crédit Immobilier Et Hôtelier (CIH BANK) of BMCI Asset Management, through the acquisition of 100% of its share capital and associated voting rights.