Press release from the Competition Council regarding the economic concentration project concerning the joint takeover of the company “Game Changer Company” by the company “CDG Invest”, through the acquisition of 13.59% of its capital and associated voting rights

In accordance with the provisions of 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 information provided by the parties.

This information has been prepared by the notifying party, which is 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 as amended and supplemented adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of companies and individuals involved:

• The acquirer: the company “CDG Invest”;
• The target: the company “Game Changer Company”.

Nature of the operation

• Joint takeover.

Economic sectors concerned:

• Creation, design, animation, and distribution of leisure activities to businesses through gamification;
• Rental of equipped meeting spaces;
• Catering services;
• Amusement parks.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e., April 15, 2024.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration operation consisting of the acquisition by the company “CDG Invest SA”, a subsidiary of “Caisse de Dépôt et de Gestion” (CDG), of a minority controlling interest in the group “The Game Changer Company” (TG2C), which owns 3 subsidiaries: “Wemeet”, “Oyafood”, and “The Doorz”.

This participation will be carried out through the subscription by the company “CDG Invest” to the shares of the company “The Game Changer Company” (TG2C) as part of a capital increase totaling 10,000,000 dirhams.

The company “TG2C” operates in the market of creating, designing, animating, and distributing leisure activities to businesses through gamification.

The companies “Wemeet”, “Oyafood”, and “The Doorz” are, in turn, active respectively in (i) the market of renting equipped meeting spaces, (ii) catering services, and (iii) the amusement park market.

Done in Rabat, April 4, 2024