Press release from the Competition Council regarding the concentration project concerning the exclusive takeover by the company “Building Logistics Services SA” of “Sté De Distribution Hibat SARL” through the acquisition of 100% of its share capital and related voting rights

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 adopted for its implementation, the Competition Council makes available to the public the “operation summary” below, containing information provided by the parties.

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 adopted for the implementation of Law 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The Acquirer: “Building Logistics Services SA”;
• The target: “Sté de Distribution Hibat SARL”.

Nature of the operation

• Exclusive takeover.

Economic sectors concerned

• The market for the transport of goods.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., September 16, 2024.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project concerning the exclusive takeover by the company “Building Logistics Services SA” of “Sté de distribution hibat SARL” through the acquisition of 100% of its share capital and related voting rights.

“Building Logistics Services SA” (“BLS”) is a Moroccan joint stock company with its registered office at Zone Industrielle Ouled Saleh Bouskoura, Casablanca, registered with the Casablanca Trade Register under number 250301, specializing in the warehousing of consumer products in hygiene, food, health, and cosmetics.

“Sté de Distribution Hibat SARL” is a Moroccan limited liability company, with its registered office at 12, Bd Batali Mohamed Ben Mekki, Roches noires, Casablanca, registered with the Casablanca Trade Register under number 89717, whose main activity is the transport of goods on behalf of third parties.

 

Done in Rabat on September 5, 2024