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, the Permanent Commission of the Council held a meeting on Thursday, May 12, 2022 at 9:30 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 investigative services.

At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on Monday, April 25, 2022.

The Permanent Commission then made decisions to authorize the following two economic concentration operations:

• • The acquisition by the company « Meca Dev » of exclusive control of the company «WeAre SAS» through the acquisition of 84.16% of its share capital and voting rights;
  • The establishment of a joint venture between the company « OCP SA » and the company « Hubei Forbon Technology Co.Ltd ».