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

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Statement from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company “Elcano France Bidco SAS” of the companies “Gymspa SAS”, “FitFin SAS”, and “FitMan SAS”.

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, November 15, 2021, at 3:00 PM, 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 November 8, 2021.

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

        • The acquisition of exclusive control of J.F. Hillebrand Group AG through the acquisition of at least 92.23% of its share capital by Deutsche Post Beteiligungen Holding GmbH.
        • The acquisition by the company “Crédit Agricole Leasing & Factoring S.A.” of the exclusive control of the simplified joint stock companies “Olinn Invest S.A.S” and “Olinn S.A.S”.