Press release from the Competition Council regarding the notification of the economic concentration project concerning the acquisition by the company “H&S Invest Holding SA” of the asset elements related to the company “Dislog Group SA” held by the company “Mediterrania Capital III LP”

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 “summary of the operation” below, containing the 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 the companies and individuals concerned:

• The acquirer: the company “H&S Invest Holding SA”;
• The target: asset elements of the company “Dislog Group SA”.

Nature of the operation

• Asset elements acquisition.

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 has received notification of an economic concentration operation concerning the acquisition by the company “H&S Invest Holding SA” of the asset elements related to the company “Dislog Group SA” held by the company “Mediterrania Capital III”.

“H&S Invest Holding SA” is a Moroccan joint-stock company, with its registered office at 203 Bd Zerktouni 3rd floor – Casablanca, registered in the Casablanca Trade Register under number 14053. “H&S Invest Holding SA” is an investment holding company and has no commercial activity.

“Dislog Group SA” is a Moroccan joint-stock company, with its registered office in the Ouled Saleh Bouskoura Industrial Zone, Casablanca, registered in the Casablanca Trade Register under number 403199. It is a structure holding stakes in subsidiaries operating in the pharmaceutical, logistics, and industrial sectors.

“Mediterrania Capital III LP” is a Mauritian limited partnership company headquartered at 5th floor, Barkly Wharf, Le Caudan Waterfront, Port Louis, Mauritius, registered in the Mauritius Trade Register under number L106. It is a private equity company holding stakes in companies in Africa.

Done in Rabat, on June 6, 2024