Communiqué from the Competition Council regarding the economic concentration project concerning the creation of a common holding company named ‘AIB, Ltd.’ following the merger of ‘Hino Motors Ltd’ and ‘Mitsubishi Fuso Truck and Bus Corporation.’

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 ‘summary of the operation’ below, containing the information provided by the parties.

This information was 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 communique 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 the companies and groups concerned:

• The companies concerned:

‘Hino Motors Ltd’;

‘Mitsubishi Fuso Truck and Bus Corporation’;

• The newly created company: ‘AIB, Ltd.’

Nature of the operation:

• Merger.

Economic sectors concerned:

• Truck supply market.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this communique, i.e., September 29, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation consisting of the merger of two independent companies, ‘Hino Motors Ltd’ and ‘Mitsubishi Fuso Truck and Bus Corporation,’ into a new holding company (HoldCo) named ‘AIB, Ltd.’

‘Hino Motors Ltd’ is a Japanese company listed on the Tokyo Stock Exchange, headquartered at 1-1 Hinodai 3-chome, Hino-shi, Tokyo, Japan, registered under number 8-0134-0100-0626. Globally, Hino specializes in the manufacture and marketing of automotive vehicles (trucks, buses), spare parts, and industrial engines.

‘Mitsubishi Fuso Truck and Bus Corporation’ is a Japanese company, headquartered at 10 Ohkura-cho, Nakahara-ku, Kawasaki-shi, Kanagawa, Japan. Globally, MFTBC specializes in the development, design, manufacture, and sale of trucks, buses, and industrial engines.

‘AIB, Ltd.’ is a Japanese company, headquartered at 2-12-8 Musashino, Akishima-shi, Tokyo, Japan, registered under number 0128-01-024013. ‘AIB, Ltd.’ is a newly created holding company that, as of the publication date, had no business activities.

 

Done in Rabat, September 18, 2025