Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company ‘Atlas Hotels Property Morocco SA’ of the company ‘Meeting Point Hotels Morocco SA’ through the acquisition of the remaining 50% of its capital and related 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 concerned:

• The acquirer: ‘Atlas Hotels Property Morocco SA’;
• The target: ‘Meeting Point Hotels Morocco SA’.

Nature of the operation

• Exclusive takeover.

Economic sectors concerned

• 4-star hotel accommodation market in Marrakech.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e. June 16, 2025.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration project operation concerning the exclusive takeover by the company ‘Atlas Hotels Property Morocco SA’ of the company ‘Meeting Point Hotels Morocco SA’ through the acquisition of the remaining 50% of its capital and related voting rights.

‘Atlas Hotels Property Morocco SA’ is a Moroccan joint stock company, headquartered at Marina Casablanca, Tour Ivoire 1, 8th floor, Casablanca, registered with the Casablanca Trade Register under number 30515. It specializes in the development and operation of hotel assets in Morocco, involved in the renovation, repositioning, and development of new hotel units.

‘Meeting Point Hotels Morocco SA’ is a Moroccan joint stock company, headquartered at Douar Bouchareb Route Targa, Marrakech, registered with the Marrakech Trade Register under number 79121. It is a joint venture between ‘Atlas Hotels Property Morocco SA’ and the group ‘FTI Touristik GmbH’. It operates in the 4-star hotel accommodation market in Marrakech, where it owns the LabrandaTarga Marrakech hotel, a 4-star hotel with 239 rooms.

 

Done in Rabat on June 5, 2025