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In accordance with the provisions of Article 14 of Law 20-13 concerning the Competition Council, the Permanent Commission of the Council held a meeting on Monday, October 3, 2022 at 9:30 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 investigating services.
At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on September 26, 2022.
The Permanent Commission then made decisions to authorize the following three economic concentration operations:
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- Economic concentration project for the acquisition of exclusive control of the company « Eclipse S.A.S.» and the company « Pro Hotel software S.A.R.L. A.U.» by the group « Hoist » through the acquisition of 100% of the share capital and voting rights thereof;
- Economic concentration project concerning the acquisition of exclusive control of the company LAB Services Maroc by Valoris Fund Equity through the acquisition of approximately 88% of the share capital and voting rights thereof;
- Economic concentration project related to the acquisition of a 40% stake in the share capital and voting rights of Takafulia Assurances S.A by CIH Bank S.A, Qatar International Islamic Bank and/or Qatar Islamic Insurance Group.
