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, May 24, 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 May 24, 2022.

The Permanent Commission then made decisions to authorize the following two economic concentration operations:

• • The joint control acquisition by Kaes Phosphate Holdings, LLC of 50% of the share capital and voting rights of Jorf Fertilizer Company III, S.A.
  • The indirect exclusive control acquisition of GCP Applied Technologies by Compagnie de Saint-Gobain by acquiring 100% of the share capital and voting rights.