Statement from the Competition Council regarding the economic concentration project concerning the acquisition of exclusive control of the company “Conserveries Marocaines Alaoui SAS” by the “Generation Entrepreneurs Fund I (FPCC-RFA)”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are 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 statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition, as amended and supplemented.

Names of the companies and groups involved:

• The indirect acquirer: the company “CDG Invest SA”;
• The direct acquirer: the “Generation Entrepreneurs Fund I (FPCC-RFA)”, managed by the company “CDG Invest Management SA”;
• The target: the company “Conserveries Marocaines Alaoui SAS”.

Nature of the operation:

• Acquisition of exclusive control

Economic sectors concerned:

• Manufacturing and distribution of sauces and condiments

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this statement, i.e. July 13, 2026

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the acquisition of exclusive control of the company “Conserveries Marocaines Alaoui SAS” by the “Generation Entrepreneurs Fund I (FPCC-RFA)”.

“The Generation Entrepreneurs Fund I (FPCC-RFA)” is a collective capital investment fund with simplified operating rules, endowed with legal personality, approved by the Moroccan Capital Market Authority under number AG/FPCC/010/2025 and registered with the Rabat Trade Register under number 195.801, managed by “CDG Invest Management SA”.

“CDG Invest Management SA” is a Moroccan joint stock company with a share capital of 30,763,400 dirhams, registered with the Rabat Trade Register under number 146259, headquartered at Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad-Rabat. “CDG Invest Management SA” is a subsidiary of “CDG Invest Gestion SA”, itself a subsidiary of the “Caisse de Dépôt et de Gestion”.

“Conserveries Marocaines Alaoui SAS” is a simplified joint stock company under Moroccan law, registered with the Casablanca Trade Register under number 528067, with its registered office at 24 Omar Slaoui Street, 3rd floor No.14, Mers Sultan, Casablanca. The company “Conserveries Marocaines Alaoui SAS” is active in the agri-food sector, specifically in the market for the manufacturing and distribution of sauces and condiments.

 

Done in Rabat on July 2, 2026