Press release from the Competition Council regarding the economic concentration project concerning the joint takeover of the company “Dislog Group SA” by the company “SPE AIF I, LP” alongside the company “H&S Invest Holding SA”

According to 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 “operation summary” 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 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:

• Acquirer No.1: The company “SPE AIF I, LP”, (“SPE”);
• Acquirer No.2: The company “H&S Invest Holding SA;
• The target: The company “Dislog Group SA”..

Nature of the operation

• Takeover

Economic sectors concerned

• Industrial sector (bleach market), pharmaceutical, parapharmaceutical, and distribution

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this press release, i.e., June 17, 2024.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the acquisition by the foreign investment fund “SPE AIF I, LP” managed by “SPE Capital”, directly or indirectly, of a stake in the share capital of “Dislog group SA” resulting in joint control with the company “H&S Invest Holding”.

“SPE AIF I, LP” is a Mauritian investment fund managed by “SPE Capital”, with the purpose of holding stakes in companies active in various sectors including education, health, industry, and services.

“H&S Invest Holding SA” is a Moroccan investment holding company with no commercial activity.

“Dislog Group” is a Moroccan joint-stock company active in the distribution, industrial, and pharmaceutical sectors.

 

Done in Rabat, on June 6, 2024