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 Tuesday, October 11, 2022 at 09:30, 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 October 6, 2022.

The Permanent Commission then decided to authorize the following economic concentration operations:

• • The acquisition by “Abu Dhabi National Energy Company PJSC” known as “TAQA” of the exclusive control of “Abu Dhabi Future Energy Company PJSC” known as “Masdar” fully owned by “Mamoura Diversified Global Holding PJSC”;
  • The joint control acquisition by “BNP Paribas S.A.” and “Stellantis N.V.” of two joint ventures (including a branch in Austria) jointly controlled by “Santander Consumer Finance S.A.” and “Stellantis N.V.”, on the one hand, and of financing activities jointly controlled by the group “Crédit Agricole Consumer Finance S.A.” and “Stellantis N.V.”, on the other hand;
  • The joint control acquisition by “Crédit Agricole Consumer Finance S.A.” and “Stellantis N.V.” of assets related to operational leasing exclusively controlled by “Stellantis N.V.” or jointly by “Santander Consumer Finance S.A.” and “Stellantis N.V.” and by “BNP Paribas Personal Finance S.A.” and “Stellantis N.V.”, and the exclusive control acquisition by “Crédit Agricole Consumer Finance S.A.” of “FCA Bank S.p.A.”;
  • The joint control acquisition by “Santander Consumer Finance S.A.” and “Stellantis N.V.” of assets currently controlled by the companies “BNP Paribas Personal Finance S.A.” and “Stellantis N.V.” on the one hand, and by the companies “Crédit Agricole Consumer Finance S.A.” and “Stellantis N.V.” on the other hand;
  • The indirect joint control acquisition of the company ‘’Pharmaprom SARLAU’’ by the companies ‘’BFO Partners’’ and ‘’BMPAR’’ through the acquisition of 100% of its share capital and voting rights thereto;
  • The acquisition by the Company “Foncière et Financière de Participation SA” of 100% of the share capital of the Company “Régionale de Crédit SA”;
  • The exclusive control acquisition by the company “Comaner Distribution sarl” of 100% of the share capital and voting rights of the company “Disoil sarlau”;
  • The acquisition by the company “Rivulis Pte. Ltd.” of 100% of the shares of the companies “Jain America Holdings Inc.”, “NaadanJain Irrigation Ltd.” and “Gavish Control System Ltd.”.