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In accordance with Article 13 of Law 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued 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 confirm the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.
Names of the companies and individuals involved:
- The acquirer: The company “CDG Invest SA”;
- The target: The company “Université Atlantique UNA SA”.
Nature of the operation:
- Acquisition of joint control.
Economic sector concerned:
- Private higher education sector.
Deadline for interested third parties to submit their observations:
- 10 days from the date of publication of this press release, i.e. March 25, 2024.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council was notified of an economic concentration operation consisting of the acquisition by the company “CDG Invest SA”, a subsidiary of “Caisse de Dépôt et de Gestion” (CDG), of joint control of the company “Université Atlantique UNA SA”, through the acquisition of a minority stake of 20% in the latter’s capital.
This stake will be acquired through the subscription by the company “CDG Invest” of shares of the company “UNIVERSITE ATLANTIQUE” (UNA) as part of a capital increase totaling 10,000,000 dirhams.
Université Atlantique UNA is active in the private higher education sector.
Done in Rabat, March 14, 2024
