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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 “summary of the operation” 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 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 involved:
- The acquirer: The company “Sama Invest SARL”;
- The target: The company “Casablanca Marina Management Company SA”;
Nature of the operation
- Acquisition of exclusive control.
Economic sectors concerned
- The real estate development market.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e. November 21, 2024.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION
The Competition Council has received notification of an economic concentration operation concerning the acquisition by the company “Sama Invest SARL” of the exclusive control of the company “Casablanca Marina Management Company SA” through the acquisition of the remaining 50% of the capital and related voting rights.
“Sama Invest SARL” is a limited liability company under Moroccan law whose main purpose is to participate in companies operating in the real estate development sector, as well as to acquire all movable and immovable property.
“Casablanca Marina Management Company SA” is a public limited company under Moroccan law whose main purpose is real estate development.
Done in Rabat on November 07, 2024.
