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 below ‘operation summary’ containing information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release 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.<\/p>\n
Names of the companies and groups involved:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration project concerning the exclusive takeover of the company ‘Soci\u00e9t\u00e9 d\u2019Extension et Promotion du Golf de Benslimane SA’ (SEPGB) by Mr. Jawad YOUSSEFI, following the acquisition by his company ‘City Dev SARLAU’ of the remaining 49.54% of the share capital and voting rights held by ‘Compagnie G\u00e9n\u00e9rale Immobili\u00e8re’ (CGI).<\/p>\n ‘SEPGB SA’ is a Moroccan joint-stock company, headquartered at Royal Golf El Menzeh, Benslimane \u2013 Morocco, registered with the Benslimane Trade Register under number 173. ‘SEPGB SA’ is active in golf activity development in the Benslimane region and all related operations directly or indirectly, including, as a secondary activity, residential real estate promotion adjacent to the golf project.<\/p>\n ‘City Dev SARLAU’ is a Moroccan single-member limited liability company, 100% owned by Mr. Jawad YOUSSEFI, headquartered at 265, Boulevard Zerktouni, No. 92, Casablanca \u2013 Morocco, registered with the Casablanca Trade Register under number 399059. ‘City Dev SARLAU’ is active in real estate promotion in all its forms, as well as in the development of tourist and hotel projects.<\/p>\n <\/p>\n Done in Rabat on October 16, 2025.<\/p>\n","protected":false},"excerpt":{"rendered":" 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 below ‘operation summary’ containing 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 prejudge the Competition Council’s position on the proposed operation. The publication of this press release 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 direct acquirer: ‘City Dev SARLAU’; The indirect acquirer: ‘Jawad YOUSSEFI’; The target: ‘Soci\u00e9t\u00e9 d\u2019Extension et Promotion du Golf de Benslimane SA’ (SEPGB). Nature of the operation Exclusive control acquisition. Economic sectors concerned Golf course development and operation; Real estate promotion. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e., October 27, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration project concerning the exclusive takeover of the company ‘Soci\u00e9t\u00e9 d\u2019Extension et Promotion du Golf de Benslimane SA’ (SEPGB) by Mr. Jawad YOUSSEFI, following the acquisition by his company ‘City Dev SARLAU’ of the remaining 49.54% of the share capital and voting rights held by ‘Compagnie G\u00e9n\u00e9rale Immobili\u00e8re’ (CGI). ‘SEPGB SA’ is a Moroccan joint-stock company, headquartered at Royal Golf El Menzeh, Benslimane \u2013 Morocco, registered with the Benslimane Trade Register under number 173. ‘SEPGB SA’ is active in golf activity development in the Benslimane region and all related operations directly or indirectly, including, as a secondary activity, residential real estate promotion adjacent to the golf project. ‘City Dev SARLAU’ is a Moroccan single-member limited liability company, 100% owned by Mr. Jawad YOUSSEFI, headquartered at 265, Boulevard Zerktouni, No. 92, Casablanca \u2013 Morocco, registered with the Casablanca Trade Register under number 399059. ‘City Dev SARLAU’ is active in real estate promotion in all its forms, as well as in the development of tourist and hotel projects. Done in Rabat on October 16, 2025.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-38919","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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