Meeting of the Permanent Commission

The Permanent Commission of the Competition Council held a meeting on Thursday, January 16, 2020.

This meeting was dedicated to the examination and approval of the Competition Council’s opinion project regarding the draft order of the Minister of Economy and Finance and Administrative Reform implementing the provisions of Law No. 17-99 on Insurance Code, concerning the guarantee against the consequences of catastrophic events provided for in Article 64-1 of the same law.

During this meeting, the Permanent Commission also approved decisions regarding two economic concentration projects. The first concentration project concerns the acquisition by Ciments du Maroc of all the capital and voting rights of Atlantic Ciment and Cimenteries Marocaines du Sud (CIMSUD) from Anouar Invest S.A. The second deals with the joint takeover of Saham Pharma by SPE Capital and PROPARCO.