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

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Press release from the Competition Council regarding the economic concentration project concerning the acquisition, by the “Mohammed VI Investment Fund”, of joint control of the company “Morocco Biotechnologies” (MARBIO), alongside its historical shareholders, the Moroccan State and the company “BAB Consortium S.A.”
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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, July 05, 2021 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 investigation services.

At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on July 02, 2021.

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

        • The exclusive control by Bell Canada of Sitel Bot SAS;
        • The exclusive control by Adient plc of Yanfeng Adient Lang Fang Seating co ltd (YFAS LF);
        • The exclusive control by Yanfeng Automotive Trim Systems Company ltd (Yanfeng) of Yanfeng Adient Seating co ltd (YFAS);
        • The exclusive control by the Brose Group of Sitech Sp.