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, May 31, 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 investigating services.

At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on May 24, 2021.

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

        • The creation of an autonomous joint venture by Volkswagen Aktiengesellschaft» and Enel S.P.A.
        • The acquisition by Fidia Farmaceutici S.p.A of the exclusive control of pharmaceutical assets currently held by Sanofi relating to the production of pharmaceutical products;
        • The indirect joint control acquisition of Creditinfo Holding Maroc SAS by Infocapital ehf, its management, and Levine Leichtman Capital Partners Europe II SCSp.