Press release from the Competition Council regarding the economic concentration project concerning the creation of a joint venture by the ‘Port Operating Company SA’ and the company ‘CMA Terminals 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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the below ‘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 implementing Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and individuals involved:

• Founding Company No. 1: ‘Port Operating Company SA’ (‘Marsa Maroc’);

Founding Company No. 2: ‘CMA Terminals SAS’.

Nature of the operation

• Establishment of a joint venture.

Economic sectors concerned

• The container terminal services market.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., November 24, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION

The Competition Council has received notification of an economic concentration project concerning the creation of a joint venture by the ‘Port Operating Company SA’ and the company ‘CMA Terminals SAS’.

‘Port Operating Company SA’ is a Moroccan joint stock company listed on the Casablanca Stock Exchange, with its headquarters in Casablanca. It is active in multi-trade port operations, with a presence in numerous commercial ports in Morocco, as well as in Benin at the port of Cotonou.

‘CMA Terminals SAS’ is a French simplified joint stock company, with its headquarters in Marseille, France. It is a 100% subsidiary of ‘CMA CGM SA’ and is engaged in the development, design, construction, and operation of container terminals.

The joint venture will focus on the development, equipment, operation, and maintenance of the container activity of the West Terminal at the Nador West Med port.

 

Done in Rabat, November 13, 2025