Press release regarding the meeting of the Permanent Commission of the Competition Council

In accordance with the provisions of Article 14 of Law 20-13 on the Competition Council as amended and supplemented, the Permanent Commission of the Council held a meeting on Monday, April 3, 2023 at 10:30 a.m. under the chairmanship of Mr. Ahmed Rahhou, President of the Competition Council, to examine the files submitted to it by the Council’s investigation services.

At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on March 27, 2023.
The Permanent Commission then decided to authorize the following economic concentration operations:

• • Joint direct control of the company Freterium SARL by CDG Invest SA, through the acquisition of 10.04% of the shares and voting rights of the target;
  • Joint direct control of the company Cathedis SARL by CDG Invest SA, through the acquisition of 10.07% of the shares and voting rights of the target;
  • Joint direct control of the company LNKO SARL by CDG Invest SA, through the acquisition of 10% of the shares and voting rights of the target;
  • Indirect joint control of the company SCE Chemicals SA by CDG Invest SA, through the acquisition of 17.57% and 12.08% of its share capital and associated voting rights, respectively through the companies « Fipar Holding SA » and « Capmezzanine II SA »;
  • The direct exclusive control of the company Holdparts SA by Banque Centrale Populaire SA through the acquisition of all of its share capital and voting rights;
  • Establishment of the joint venture Taawouniyate Taamine Takafuli SA by Banque Centrale Populaire SA and Mutuelle Centrale Marocaine d’Assurance.