Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Retail Holding SA” and the company “Amethis Fund II S.C.A., SICAV-RAIF” of joint control of the companies “Ansamble Maroc SA”, “Amman & Co SA” and “Wind Holding SAS”

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 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the following “operation summary” 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 issued 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:

• Acquirer No.1: The company “Retail Holding SA”;
• Acquirer No.2: The company “Amethis Fund II S.C.A., SICAV-RAIF”;
• Target No.1: The company “Ansamble Maroc SA”;
• Target No.2: The company “Amman & Co SA”;
• Target No.3: The company “Wind Holding SAS”;

Nature of the operation

• Takeover

Economic sectors concerned

• Collective catering and Facility Management.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. February 23, 2026.

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 company “Retail Holding SA” and the company “Amethis Fund II S.C.A., SICAV-RAIF” of joint control of the companies “Ansamble Maroc SA”, “Amman & Co SA” and “Wind Holding SAS”.

“Retail Holding SA” is a Moroccan joint stock company, primarily engaged in investment and management of stakes in the distribution sector.

“Amethis Fund II S.C.A., SICAV-RAIF” is a Luxembourg-based joint stock company, active in investment and management of stakes.

“Ansamble Maroc” is a Moroccan joint stock company, active in collective catering and associated services.

“Amman & Co SA” is a Moroccan joint stock company, active in Facility Management.

“Wind Holding SAS” is a Senegalese simplified joint stock company, active in investment and management of stakes.

 

Done in Rabat, February 12, 2026