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 the companies and groups involved:

• The acquirers:
• the company “Portobello Capital Gestión SGEIC SA”;
• the company “Cobega SA”;
• the company “Sonab SL”.
• The target companies:
• the company “Caiba SA”;
• the company “Nosoplas SLU”.

Nature of the operation

• Merger by absorption
• Joint control acquisition

Economic sectors concerned

• The market for the supply of polyethylene terephthalate (PET) preforms;
• The market for the manufacture and commercialization of polyethylene terephthalate (PET) packaging;
• The market for bottling and distribution of non-alcoholic beverages.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e. July 27, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project consisting of the joint control acquisition of the company “Caiba SA” after its merger with the company “Nosoplas SLU” by the companies “Portobello Capital Gestión SGEIC SA”, “Cobega SA” and “Sonab SL”.

“Portobello Capital Gestión SGEIC SA” is a Spanish public limited company specializing in investment fund management. Through the funds it manages, it holds stakes in several companies operating in various industrial and service sectors. In Morocco, the group is notably present through the activities of “Caiba”, engaged in the manufacture and commercialization of PET preforms and packaging.

“Cobega SA” is a Spanish public limited company and the parent company of the Cobega group, mainly active in bottling and distributing non-alcoholic beverages as well as in various industrial activities. The group notably controls “Nosoplas SLU”, specialized in the production of recycled PET resins and PET preforms. In Morocco, the group is involved in bottling and distributing non-alcoholic beverages.

“Sonab SL” is a Spanish limited liability company, a holding company primarily engaged in real estate leasing as well as in the administration and management of investments and other securities.

“Caiba SA” is a Spanish public limited company specializing in the manufacture and commercialization of PET preforms and packaging. Its products are mainly marketed in Europe and Morocco.

“Nosoplas SLU” is a Spanish limited liability company specializing in the production of recycled PET resins and PET preforms primarily for the water and soft drink sector. Its activities are mainly carried out in Spain and other member states of the European Economic Area.

Done in Rabat on July 16, 2026

The post Statement from the Competition Council regarding the economic concentration project concerning the joint control acquisition of the company “Caiba SA” after its merger with the company “Nosoplas SLU”, by the companies “Portobello Capital Gestión SGEIC SA”, “Cobega SA” and “Sonab SL” appeared first on Conseil de la concurrence du Maroc.

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 press release 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 involved:

• Founding parties:
• The company “UPM-Kymmene Oyj,” the parent company of the group (UPM);
• The company “Sappi Papier Holding GmbH,” an indirect subsidiary of the company “Sappi Limited,” the parent company of the group (Sappi).
• The joint venture: The company “Communication Paper JV”.

Nature of the operation

• Creation of a joint venture.

Economic sectors concerned

• Production and supply of communication papers, including magazine paper and fine paper.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, until July 27, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the creation of a joint venture named “Communication Paper JV” by the companies “UPM-Kymmene Oyj” and “Sappi Papier Holding GmbH.” To this end, the group (UPM) will contribute its communication paper activities in Europe and the United States to the joint venture, while the group (Sappi) will contribute its European activities also related to communication paper.

“UPM-Kymmene Oyj” is a public limited company established under Finnish law, registered in the Finnish commercial register under number 1041090-0. Its registered office is at P.O. Box 380, 00101 Helsinki, Finland, and the company’s correspondence address is at Alvar Aallon katu 1, FI-00100 Helsinki, Finland. “UPM-Kymmene Oyj” is the parent company of the group (UPM), specializing in the development, production, and marketing of products from renewable resources, including paper products, pulp, electricity, labeling materials, sawn timber, wood-based panels, as well as biochemical, biomass, and plywood solutions. The UPM group operates in the domestic market through the importation of magazine paper and fine paper.

“Sappi Papier Holding GmbH” is a limited liability company established under Austrian law, registered in the Austrian commercial register under number FN 167931 h, with its registered office at Brucker Straße 21, 8101 Gratkorn, Austria. “Sappi Papier Holding GmbH” is an indirect subsidiary of the company “Sappi Limited.” “Sappi Limited” is a public limited company established under the laws of the Republic of South Africa, registered with the Companies and Intellectual Property Commission under number 1936/008963/06, with its registered office at No. 108 Oxford Road, Rosebank, Johannesburg 2198, Republic of South Africa.
“Sappi Limited” is the ultimate parent company of the group (Sappi). The group (Sappi) specializes in the manufacture of renewable fiber-based materials and supplies pulp, biomaterials, and finished products including communication papers, specialty papers, and packaging papers. This group operates in the domestic market through the importation of magazine paper and fine paper.

The joint venture will be a Finnish limited liability company and is in the process of being established. Its share capital and voting rights will be held by the founding companies “UPM-Kymmene Oyj” and “Sappi Papier Holding GmbH.”

Done in Rabat on July 16, 2026

The post Press release from the Competition Council regarding the economic concentration project concerning the creation of a joint venture by the companies “UPM-Kymmene Oyj” and “Sappi Papier Holding GmbH.” appeared first on Conseil de la concurrence du Maroc.

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 the companies and groups involved:

• The acquirers:
• The company “Sanad Services Group”;
• The investment fund “Ace Aéro Partenaires II S.L.P.”;
• The target: The company “Revima Holding SAS” and its subsidiary companies.

Nature of the operation

• Joint control acquisition.

Economic sectors concerned

• Aeronautical sector.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e., July 27, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company “Revima Holding SAS” and its subsidiary companies by the company “Sanad Services Group” and the investment fund “Ace Aéro Partenaires II S.L.P.”, represented by “Tikehau Investment Management SAS” acting as a management company through a common ad hoc vehicle.

“Sanad Services Group” is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. “Sanad Services Group” is a holding company wholly owned by “Mubadala Investment Company PJSC”, itself wholly owned by the Government of Abu Dhabi.
“Sanad Services Group” is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries.

“Ace Aéro Partenaires II S.L.P.” is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. “Ace Aéro Partenaires II S.L.P.” is an investment fund represented and managed by “Tikehau Investment Management SAS”. “Tikehau Investment Management SAS” is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of “Tikehau Capital SCA”, the parent company of the global asset management and investment Group (Tikehau Capital).

“Revima Holding SAS” is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear.

Done in Rabat on July 16, 2026.

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At the beginning of its work, the Permanent Commission approved the Minutes of its meeting held on Thursday, July 2, 2026.

The Permanent Commission then made the decision to authorize:

• The economic concentration operation concerning the exclusive control acquisition by the company « Covestro AG », through the companies « Covestro Deutschland AG » and « MS holding B.V. », of the resin and functional materials activities of the company « Koninklijke DSM N.V. »;
• The economic concentration operation concerning the joint control acquisition of the « Compagnie Minière de Touissit S.A » by the company « Ayrad Group Limited » and the « Caisse Interprofessionnelle Marocaine de Retraite.

The post Press release regarding the meeting of the Permanent Commission of the Competition Council – Held on Monday, July 13, 2026 appeared first on Conseil de la concurrence du Maroc.

The Section thus decided to authorize the following economic concentration operations:

• The exclusive control acquisition by the company “Swissport Maroc SA” of the company “Swiftair Maroc SARL”, through the acquisition of 100% of its share capital and related voting rights.
• The acquisition by the company “Türk Hava Yolları Anonim Ortaklığı” of joint control of the company “Air Europa Holding S.L.” alongside the historical shareholder.
• The establishment of a joint venture, “Airts SAS”, by the company “Airtelis SAS” and the company “Segula Global Services SAS”.

The post Press release regarding the meeting of the Competition Council Section – held on Tuesday, July 07, 2026 appeared first on Conseil de la concurrence du Maroc.