Statement from the Competition Council regarding the economic concentration project concerning the acquisition of joint control of the company “KAZAREEN TEXTILE GROUP LTD” by AMETHIS FUND III S.C.A., SICAV-RAIF through the acquisition of 56% of its share capital and voting rights

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 “summary of the operation” 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 concerned:

• The acquirer: “AMETHIS FUND III S.C.A., SICAV-RAIF”;
• The target: “KAZAREEN TEXTILE GROUP LTD”.

Nature of the operation

• Acquisition of joint control

Economic sector concerned

• The textile market

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e. November 21

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration operation concerning the acquisition by “AMETHIS FUND III S.C.A., SICAV-RAIF of fifty-six percent (56%) of the share capital and voting rights of the company “KAZAREEN TEXTILE GROUP LTD”, a holding company operating in the textile sector and holding companies in Egypt, Germany, France, and Canada.

The remaining share capital and voting rights of the company will be retained by the historical shareholders.

AMETHIS FUND III S.C.A, SICAV-RAIF, a Luxembourg limited partnership by shares (S.C.A.), organized as a variable capital investment company (SICAV) and as a reserved alternative investment fund (RAIF),

The Target “KAZAREEN TEXTILE GROUP LTD” is an English company operating in the textile sector, particularly in the production of clothing fabrics and hotel textiles.

 

Done in Rabat, on November 7, 2024