Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover of the company “Sopétrole SA” by the company “Vivo Energy Plc” through the temporary acquisition of the usufruct of 51% of its 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 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 individuals concerned:

• The direct acquirer: The company “Vivo Energy Maroc SA”;
• The indirect acquirer: The company “Vivo Energy Plc”
• The target: The company “Sopétrole SA”.

Nature of the operation

• Exclusive takeover.

Economic sector concerned:

• Fuel and lubricant distribution sector

Deadline for interested third parties to submit their observations:

– 10 days from the date of publication of this press release, i.e., October 14, 2024

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the exclusive takeover of the company “Sopétrole SA” by the company “Vivo Energy Plc” through the temporary acquisition of the usufruct of 51% of its share capital and associated voting rights from the company “Myher Holding SA” for a period of ten (10) years.

The Vivo Energy group is active in the fuel distribution, Shell and Engen branded lubricants, and filling and distribution of liquefied petroleum gas (LPG) sectors, with the parent company being “Vivo Energy Plc”, an English law company operating in 23 African countries;

“Vivo Energy Maroc SA” is a Moroccan joint stock company, a subsidiary of the Vivo Energy group, specializing in the import, distribution of fuels and lubricants marketed under the SHELL brand, and liquefied petroleum gas under the BUTAGAZ brand throughout the national territory;

“Sopétrole SA” is a Moroccan joint stock company engaged in the import, storage, marketing, and distribution of fuels and lubricants at service stations located in the southern region of Morocco.

Done in Rabat, October 3, 2024