Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Tanger Med Port Authority SA” of joint control of the company “Portnet SA”, alongside the historical shareholder the “National Ports Agency”

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: the company “Tanger Med Port Authority SA”;
• The historical shareholder: the “National Ports Agency”;
• The target: the company “Portnet SA”.

Nature of the operation:

• Takeover

Economic sectors concerned:

• Services dedicated to foreign trade procedures and port operations.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e., July 8, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project involving the acquisition by the company “Tanger Med Port Authority SA” of joint control of the company “Portnet SA”, alongside the historical shareholder the “National Ports Agency”, through the acquisition of 44.07% of its share capital and related voting rights, by way of a capital increase.

“Tanger Med Port Authority SA” is a Moroccan joint stock company, headquartered in the Anjra Commune. It manages, operates, and develops the Tanger Med port complex.

The “National Ports Agency” is a public establishment with legal personality and financial autonomy, under the technical supervision of the Ministry of Equipment and Water and subject to state financial control, headquartered in Casablanca. It is responsible for port authority missions, regulation of port activities, maintenance, and development of infrastructure and superstructures of all ports in the Kingdom, except for Tanger Med.

“Portnet SA” is a Moroccan joint stock company, headquartered in Casablanca. It operates the national single window for foreign trade formalities in Morocco.

 

Done in Rabat on June 26, 2026.