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In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.
These details have 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 implementing Law 104-12 on freedom of prices and competition.
Names of the companies and groups involved:
– The acquirer: The company “ONCORAD SA”;
– The target: The company “FONCIERE AZUR SANTE SARLAU”.
Nature of the operation
– Acquisition of social shares.
Economic sectors concerned
– Real estate development sector;
– Healthcare services sector.
Deadline for interested third parties to submit their observations
– 10 days from the date of publication of this press release, i.e. October 20, 2023.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
A notification has been submitted to the Competition Council regarding a concentration operation project, through which the company “ONCORAD”, a Moroccan public limited company with its registered office in Casablanca, Salaj, Bd Sidi Abderrahmane, Ain Diab, registered with the Casablanca Trade Register under number 92755, will acquire 37.5% of the capital of the real estate company “FONCIERE AZUR SANTE SARLAU”, a Moroccan single-member limited liability company with a capital of 7,800,000 MAD, whose registered office is located at Immeuble 6 Appt. 11 Immeuble Ghandi Mall, Casablanca, and registered with the Casablanca Trade Register under number 511825.
Done in Rabat on October 09, 2023.
