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 Friday, February 11, 2022 at 09:30, 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 February 07, 2022.

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

• • The acquisition by the private investment fund Altor Fund V and the company SMS GMBH, through SMS ALTOR HOLDING SA, of joint control of the company KAEFER ISOLIERTECHNIK GMBH & CO. KG;
  • The acquisition by the company Ontime Corporate Union, S.L., of exclusive control of Frialdis Maroc S.A.R.L, Compania Logistica Actoral S.A.U (including its subsidiary Actoral Distribucion Canarias S.A.U), Transportes Yague 1955, S.L and Tum Capilar, S.L., which are subsidiaries owned by Chamonix, S.L.U;
  • The acquisition by the company “FLS Germany Holding GmbH” of exclusive control of the company “Thyssenkrupp Mining Technologies”, by acquiring 100% of the share capital and voting rights;
  • The acquisition by the company “Adient plc” through its subsidiary “Chongqing Adient Automotive Components Co., Ltd.”, of assets related to the manufacturing and sale of headrests, armrests, seat back panels, and related parts, from the company “Chongqing Boxun Science Innovation Industrial Co., Ltd.”.