Press release regarding the meeting of the Competition Council Section – Held on Wednesday, December 11, 2024

In accordance with Article 38 of the Competition Council’s internal regulations, the Council Section held a meeting on Wednesday, December 11, 2024 at 10am, under the chairmanship of Mr. Hassan Abouabdelmajid, Vice-President of the Competition Council, to examine the cases submitted to it by the Council’s investigative services.

The Section then made decisions to authorize the following economic concentration operations:

• Joint control acquisition by “Valoris Equity Fund” and “Valoris Alternative Investments Fund” of the company “Empower Holding SARLAU”, including its subsidiary “Somalev Crane And Logistics SA” alongside “Mr. Mohamed MOUFID”;
• Establishment of a joint venture “NewCo” by the company “IK IX Luxco 3 SARL” and the founding partners of the “Collège de Paris Group”;
• Exclusive control acquisition by the company “Siaci Saint Honoré S.AS” of the company “Oasys & Compagnie S.A.S”, through the acquisition of 100% of the share capital and voting rights thereof.