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In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the below “operation summary” 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 implementing Law 104-12 on freedom of prices and competition.
Names of the companies and groups involved:
- Acquirer 1: “Valoris Equity Fund”;
- Acquirer 2: “Valoris Alternative Investments Fund”;
- The target: “Empower Holding SARLAU” including its subsidiary “Somalev Crane And Logistics SA”.
Nature of the operation
- Joint takeover.
Economic sectors concerned
- The market for logistics services for the mining industry and energy and port activities.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this press release, i.e., October 21, 2024.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received a notification of an economic concentration operation involving the joint takeover by “Valoris Equity Fund” and “Valoris Alternative Investments Fund” of the company “Empower Holding SARLAU”, including its subsidiary “Somalev Crane And Logistics SA”, through the acquisition of respectively 27% and 18% of its capital and associated voting rights alongside “Mr. Mohammed MOUFID”.
“Valoris Equity Fund” is an investment fund in the form of a collective investment scheme in capital, which aims to make investments in small and medium-sized enterprises.
“Valoris Alternative Investments Fund” is an investment fund in the form of a collective investment scheme in capital, which specializes in holding investments in small and medium-sized enterprises in the field of energy transition.
“Empower Holding” is a single-member limited liability company under Moroccan law, registered with the Casablanca Trade Register under number 588041. It is a holding company for investments in other companies.
“Somalev Crane And Logistics” is a joint stock company, registered with the Casablanca Trade Register under number 269191. It specializes in logistics services.
Done in Rabat on October 10, 2024
