Press Release from the Competition Council regarding the economic concentration project concerning the acquisition by the companies “Transwin SARL”, “Cap Holding SA” and “Yellowrock SA”, of joint control of the company “Finalog SA”

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

Names of the companies and groups concerned:

• The acquirers:
• “Transwin SARL”;
• “Cap Holding SA”;
• “Yellowrock SA”.
• The target: “Finalog SA”.

Nature of the operation

• Joint control acquisition.

Economic sector concerned:

• Logistics and cereal storage.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. March 19, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation concerning the acquisition by the companies “Transwin SARL”, “Cap Holding SA” and “Yellowrock SA”, of joint control of the company “Finalog SA”.

“Transwin SARL” is a Moroccan limited liability company with a capital of 6,740,000 dirhams, headquartered in El Jadida-, 27, avenue Ennakhil, basement, registered with the El Jadida Trade Register under number 11,357. It specializes in transport for others, all logistics services, chartering of ships as well as purchase, sale and trade in general of all goods.

“Cap Holding SA” is a Moroccan joint-stock company with a capital of 3,320,000 dirhams, headquartered in Casablanca – 8, rue Ali Abderrazak, Res Plein Ciel, 2^nd floor, registered with the Casablanca Trade Register under number 96,807. Its purpose is the placement and management of securities.

“Yellowrock SA” is a Moroccan joint-stock company with a capital of 46,993,000 dirhams, headquartered in Casablanca – 33, avenue Hassan Seghir, 10^th floor, B 10, registered with the Casablanca Trade Register under number 109,531. It specializes in the import-export of all products, particularly the trade of cereals and related logistics.

“Finalog SA” is a Moroccan joint-stock company with a capital of 20,690,000 dirhams, headquartered in Casablanca (Roches Noires) – Site Mita, registered with the Casablanca Trade Register under number 240,227, specializing in cereal logistics, operating across the value chain, including transportation, handling, and particularly cereal storage.

 

Done in Rabat, on March 07, 2025