Latest News
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 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 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:
- The acquirer: The company “Stellantis Europe S.p.A.”;
- The targets: The company “Sopriam S.A.” and its subsidiary “Société Générale d’Automobiles SARL”
- Nature of the operation
- Acquisition of exclusive control.
Economic sectors concerned
- Market for the production and distribution of vehicles and spare parts.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e. July 15, 2024.
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 “Stellantis Europe S.p.A.” of the exclusive control of the company “Sopriam S.A.” and its subsidiary “Société Générale d’Automobiles SARL”.
“Stellantis Europe S.p.A.” is an Italian company with its registered office at Turin 10135 – C.so Agnelli 200, registered in the Turin Companies Register under number 934697. This company is a subsidiary of the Stellantis Group, whose parent company is Stellantis N.V., a Dutch company with its registered office in Amsterdam, Netherlands, registered in the Amsterdam Companies Register under number 60372958. The Stellantis Group is an automotive conglomerate resulting from the merger between Fiat Chrysler Automobiles (FCA) and the PSA Group.
“Sopriam S.A.” is a Moroccan joint stock company, owned by Al Mada and headquartered at 125 Boulevard Moulay Slimane Ain Sebaa, Casablanca. It specializes in the automotive distribution sector and spare parts and operates as the exclusive importer and distributor of three automotive brands in Morocco (Peugeot, Citroën, and DS).
Done in Rabat on July 4, 2024.
