Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company ‘Amethis Fund III SCA., SICAV-RAIF’ of a minority stake in the company ‘BH Holding’

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 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 acquirer: ‘Amethis Fund III SCA., SICAV-RAIF’;
• The target: ‘BH Holding’.

Nature of the operation:

• Acquisition of a minority stake in the share capital.

Economic sectors concerned:

• Markets for the export of citrus fruits, early vegetables, and red fruits.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. April 28, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the acquisition by the company ‘Amethis Fund III SCA., SICAV-RAIF’ of a minority stake in the company ‘BH Holding’.

‘Amethis Fund III SCA SICAV-RAIF’ is a limited partnership by shares, a variable capital investment company – reserved alternative investment fund with its registered office at 4, rue Robert Stumper L-2557 Luxembourg registered with the Luxembourg Trade and Companies Register under number B276255, acting through its general partner Amethis Fund III Management SARL, a limited liability company under Luxembourg law registered with the Luxembourg Trade and Companies Register under number B274373.

‘BH Holding’, a limited liability company under Moroccan law, with a capital of 100,000 Moroccan Dirhams, whose registered office is located at Building A No. 12 Office 01 Borj Dlalat, Avenue Hassan II Agadir, registered with the Agadir Trade Register under number 35925. Its activity is the export of citrus fruits, early vegetables, and red fruits.

 

Done in Rabat, April 17, 2025