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In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 for its implementation, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 for the implementation of Law 104-12 on freedom of prices and competition.
Names of the companies and groups concerned:
- The acquirer: “Siaci Saint Honoré SAS”;
- The target: “La Réunion Aérienne & Spatiale SAS”.
Nature of the operation
- Acquisition of exclusive control.
Economic sectors concerned
- Distribution of insurance products.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e., March 2, 2026.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received notification of an economic concentration project concerning the acquisition of exclusive control of the company “La Réunion Aérienne & Spatiale SAS” by the company “Siaci Saint Honoré SAS”.
“La Réunion Aérienne & Spatiale SAS” is a simplified joint-stock company with its registered office at 9, rue Rougemont – 75009 Paris, France. It is a managing general agent (MGA) specializing in aviation and space insurance underwriting.
“Siaci Saint Honoré SAS” is a French simplified joint-stock company with its registered office at 39, rue Mstislav Rostropovitch, 75017 Paris, France. It specializes in insurance and reinsurance brokerage and consulting, as well as, to a lesser extent, human resources consulting.
Done in Rabat on February 19, 2026
