Statement from the Competition Council regarding the economic concentration project concerning the joint takeover of the ‘African Company for Special Studies and Works SARL’ (SAFETTRAS) by the company ‘General Construction Works of Casablanca SA’ (TGCC) alongside historical shareholders Mr. Salah El Mouda and Mr. Khali Moulay Lhassan.

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the ‘operation summary’ 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 statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of companies and groups involved:

• The acquirer: The company ‘General Construction Works of Casablanca SA’ (TGCC);
• Historical shareholders: Mr. Salah El Mouda and Mr. Khali Moulay Lhassan;
• The target: The ‘African Company for Special Studies and Works SARL’ (SAFETTRAS).

Nature of the operation:

• Joint takeover.

Economic sectors concerned:

• Building works and special foundations.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this statement, i.e. July 8th.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the joint takeover of the ‘African Company for Special Studies and Works SARL’ (SAFETTRAS) by the company ‘General Construction Works of Casablanca SA’ (TGCC) alongside historical shareholders Mr. Salah El Mouda and Mr. Khali Moulay Lhassan.

‘General Construction Works of Casablanca SA’ (TGCC) is a Moroccan joint-stock company with its registered office at No. 4, Imam Mouslim Street, Oasis, 20103, Casablanca, Morocco, and is registered with the Casablanca Trade Register under number 63907. It is mainly specialized in the construction sector. Its activity covers various types of projects, including hotel complexes, commercial, industrial and administrative buildings, airports, stadiums as well as health and education buildings.

‘African Company for Special Studies and Works SARL’ (SAFETTRAS) is a Moroccan limited liability company with its registered office at Lot Alia N 17 Dar Bouazza, Casablanca, Morocco, and is registered with the Casablanca Trade Register under number 263733. It is active in the field of special foundations and soil improvement.

 

Done in Rabat on June 26, 2026