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 adopted 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:

• Acquirer No. 1: funds managed or advised by “M&G Investment Management Limited”;
• Acquirer No. 2: funds managed or advised by “Arini Capital Management Limited”;
• The target: the company “Reno de Medici S.p.A.”.

Nature of the operation

• Indirect joint control acquisition.

Economic sectors concerned

• Manufacturing and distribution of cardboard.

Deadline for interested third parties to submit their comments

• 10 days from the date of publication of this press release, i.e., September 28, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation consisting of the indirect joint control acquisition by funds managed or advised by “M&G Investment Management Limited” and “Arini Capital Management Limited” of the company “Reno de Medici S.p.A.”, through the indirect acquisition of approximately 36.32% and 22.62%, respectively, of its share capital and related voting rights.

“M&G Investment Management Limited” is a limited liability company, subject to the laws of England and Wales, with its registered office in London, United Kingdom. It acts as the manager of the “M&G” funds that will directly acquire the target’s share capital in the context of the Operation. Its indirect parent company, “M&G plc”, is listed on the London Stock Exchange.

“Arini Capital Management Limited” is a limited liability company, subject to the laws of England and Wales, with its registered office in Oxfordshire, United Kingdom. It is a globally significant credit investment company.

“Reno de Medici S.p.A.” is an Italian joint-stock company, with its registered office in Milan, Italy. It is active in the manufacturing, production, and distribution of a wide range of cardboard products made from recycled fibers.

Done in Rabat on September 17, 2026.

The post Press release from the Competition Council regarding the economic concentration project concerning the acquisition by funds managed or advised by “M&G Investment Management Limited” and funds managed or advised by “Arini Capital Management Limited” of the indirect joint control of the company “Reno de Medici S.p.A.” 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 transaction.

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 concerned:

• The acquirer: the company « La Société Marocaine des Manufactures de Mohammedia SA »
• The target:
• The company « Alma Pack SA »;
• The company « Le Carton SA ».
• Nature of the transaction: Acquisition of exclusive control

Economic sectors concerned:

• The market for flexible packaging production;
• The market for rigid packaging production;
• The market for plastic label production;
• The market for aluminum tube production.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. September 28, 2026.

NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the acquisition, by the company « La Société Marocaine des Manufactures de Mohammedia SA », of the exclusive control of the company « Alma Pack SA » and the company « Le Carton SA ».

« La Société Marocaine des Manufactures de Mohammedia SA » is a Moroccan joint stock company, controlled by the private equity group « Mediterrania Capital Partners », with its registered office at Rue Fatima Zahra, Mohammedia, registered with the Mohammedia Trade Register under number 11665. It operates in Morocco, through its subsidiary « Advanced Flexible Materials », in the production of flexible packaging and, incidentally, aluminum tubes.

« Alma Pack SA » is a Moroccan joint stock company, with its registered office at Zone Industrielle Sidi Ahmed Ben Yechou, Ain Harrouda, Casablanca, registered with the Casablanca Trade Register under number 115231. It specializes in the production of flexible packaging in plastic films. It also engages, to a very limited extent, in the production of plastic labels.

« Le Carton SA » is a Moroccan joint stock company, with its registered office at Zone Industrielle Sidi Ahmed Ben Yechou, Ain Harrouda, Casablanca, registered with the Casablanca Trade Register under number 925. It specializes in the production of rigid cardboard packaging.

Done in Rabat, on September 17, 2026

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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 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 direct acquirer: the company “Nikolaus (BC) Bidco GMBH”.
• The indirect acquirer: the company “Bain Capital Investors, LLC”.
• The historical shareholder: the company “Volkswagen Aktiengesellschaft”.
• The target: the company “Everllence SE”.

Nature of the operation:

• Joint takeover.

Economic sectors concerned:

• The maritime and energy industries sector.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e., September 28, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the indirect joint takeover of the company “Everllence SE” by the company “Bain Capital Investors, LLC”, alongside its historical shareholder, the company “Volkswagen Aktiengesellschaft”, through the company “Nikolaus (BC) Bidco GMBH”.

“Volkswagen Aktiengesellschaft” is a German public limited company, registered in the commercial register of the Braunschweig court under number HRB 100484 and headquartered at Berliner Ring 2, 38440 Wolfsburg, Germany. “Volkswagen Aktiengesellschaft” is an automotive manufacturer that designs, manufactures, markets, and sells passenger vehicles, light commercial vehicles, trucks, buses, coaches, diesel engines, motorcycles, as well as their spare parts and accessories.

“Bain Capital Investors, LLC” is a private investment company under U.S. law, registered in the state of Delaware under number 3229725, with its headquarters at 200 Clarendon Street, Boston, Massachusetts 02116, United States.
The company “Bain Capital Investors, LLC” is active in various sectors, including information technology, healthcare, distribution and consumer products, communications, financial services, industry, and manufacturing.

“Nikolaus (BC) Bidco GMBH” is a German limited liability company, registered in the commercial register (Handelsregister) of the local court (Amtsgericht) of Munich under number HRB 312146 and headquartered at Eschersheimer Landstraße 50-54, c/o Apex Corporate Products (Germany), 60322 Frankfurt am Main. “Nikolaus (BC) Bidco GMBH” is a special purpose vehicle ultimately controlled by funds managed and/or advised by the company “Bain Capital Investors, LLC”.

“Everllence SE” is a European company under German law, registered in the commercial register (Handelsregister) of the local court (Amtsgericht) of Augsburg under number HRB 22056 and headquartered at Stadtbachstraße 1, 86153 Augsburg, Germany. The activity of the company “Everllence SE” is driven by an international industrial group specialized in propulsion, decarbonization, and energy efficiency solutions for the maritime industry, the energy sector, and industrial applications.

Done in Rabat, on September 17, 2026.

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For this purpose, the Section decided to authorize the following economic concentration operations:

• The acquisition by the company « Fives SAS » of the exclusive control of the company «Aries Industries SAS»;
• The acquisition by the company « Hapag-Lloyd Aktiengesellschaft », of the exclusive control of the company « ZIM Integrated Shipping Services Ltd ;
• The establishment of a joint venture by the companies « Atlas FRM LLC » and « KPS Capital Partners, LP »;
• The indirect exclusive control acquisition of the company « Irca Group Luxembourg Midco 4 SARL » by the company « CVC Capital Partners PLC ».

The post Press release regarding the meeting of the Competition Council Section – held on Tuesday, September 15, 2026 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 adopted 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 indirect acquirer: the company “Allianz SE”.
• The direct acquirer: the company “PIMCO LLC”.
• The target: the company “Poseidon Holdco SAS”.

Nature of the operation

• Indirect exclusive control acquisition.

Economic sectors concerned

• Sector of manufacturing and supply of point of sale payment terminals (POS).
• Sector of providing payment acceptance solutions and POS terminal management.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. September 21, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project consisting of the exclusive control acquisition of the company “Poseidon Holdco SAS” by funds managed, advised, or sub-advised by Pacific Investment Management Company LLC (‘‘PIMCO LLC’’). “PIMCO LLC” is an indirectly majority-owned subsidiary of the company “Allianz SE”.

“Allianz SE” is a European company established under German law, listed on the Frankfurt Stock Exchange (XETRA), registered under number HRB 164232 at the Munich Court, and headquartered at Königinstrasse 28, 80802 Munich, Germany. “Allianz SE” is active in the insurance sector as well as in asset management in over 70 countries, with its most important activities concentrated in Europe.

“PIMCO LLC” is a limited liability company established under US law, registered under number 3223023 in the Delaware business register, and headquartered at 838 Walker Road Suite 21-2, Dover, Delaware 19904, United States.

“Poseidon Holdco SAS.” is a simplified joint-stock company established under French law, registered under number 909 465 700 RCS Nanterre, and headquartered at No. 16, Place de l’Iris, Tour Cb21, 92400 Courbevoie, France. “Poseidon Holdco SAS” is a global manufacturer and supplier of point of sale payment terminals (POS) as well as payment acceptance solutions and related payment services, including software and applications for payment terminals provided to banks, acquirers, payment service providers, and merchants.

Done in Rabat, on September 10, 2026

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