Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Transmed Holding Limited” of the exclusive control of the company “Jessy Diffusion SARL” through the acquisition of the remaining 15% of the share capital and associated voting rights

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 “Transmed Holding Limited”;
• The target: The company “Jessy Diffusion SARL”.

Nature of the operation:

• Exclusive control acquisition.

Economic sectors concerned:

• The market for distribution of food and non-food products.

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 “Transmed Holding Limited” of the exclusive control of the company “Jessy Diffusion SARL” through the acquisition of the remaining 15% of its share capital and associated voting rights.

“Transmed Holding Limited” is a holding company established under the laws of the United Arab Emirates. Its main activity is the holding and management of financial interests in companies operating in the sectors of distribution of food products, consumer goods, and parapharmaceuticals.

“Jessy Diffusion SARL” is a limited liability company under Moroccan law engaged in the import and distribution of food and non-food products in the Moroccan market.

 

Done in Rabat on July 4, 2024.