{"id":39179,"date":"2025-09-01T09:25:12","date_gmt":"2025-09-01T09:25:12","guid":{"rendered":"https:\/\/conseil-concurrence.preprod.io\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-concernant-la-prise-du-controle-exclusif-par-la-societe-risma-sa-de-la-societe-centre-multifo-2\/"},"modified":"2026-02-04T15:42:47","modified_gmt":"2026-02-04T15:42:47","slug":"press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-exclusive-takeover-by-the-company-risma-sa-of-the-company-centre-multifonctionnel-de-gueliz-sa","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-exclusive-takeover-by-the-company-risma-sa-of-the-company-centre-multifonctionnel-de-gueliz-sa\/","title":{"rendered":"Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company &#8216;Risma SA&#8217; of the company &#8216;Centre Multifonctionnel de Gueliz SA&#8217; through the acquisition of 100% of the share capital"},"content":{"rendered":"<p>In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 adopted for its implementation, the Competition Council makes available to the public the &#8216;operation summary&#8217; below, containing the information provided by the parties.<\/p>\n<p>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&#8217;s position on the proposed operation.<\/p>\n<p>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 adopted for the implementation of Law 104-12 on freedom of prices and competition.<\/p>\n<p><strong>Names of the companies and groups concerned:<\/strong><\/p>\n<ul>\n<li>The acquirer: &#8216;Risma SA&#8217;;<\/li>\n<li>The target: &#8216;Centre Multifonctionnel de Gueliz SA&#8217;.<\/li>\n<\/ul>\n<p><strong>Nature of the operation <\/strong><\/p>\n<ul>\n<li>Exclusive takeover.<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned<\/strong><\/p>\n<ul>\n<li>Hotel accommodation;<\/li>\n<li>Commercial real estate.<\/li>\n<\/ul>\n<p><strong>Deadline for interested third parties to submit their observations <\/strong><\/p>\n<ul>\n<li>10 days from the date of publication of this press release, i.e. September 11, 2025.<\/li>\n<\/ul>\n<p><strong>NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n<p>The Competition Council has received notification of an economic concentration operation concerning the exclusive takeover by the company &#8216;Risma SA&#8217; of the company &#8216;Centre Multifonctionnel de Gueliz SA&#8217; through the acquisition of 100% of the share capital and voting rights.<\/p>\n<p>&#8216;Risma SA&#8217; is a Moroccan joint-stock company listed on the Casablanca Stock Exchange. It is a holding company that directly and indirectly owns several subsidiaries operating in the hotel and tourism sector (23 hotels in Morocco).<\/p>\n<p>&#8216;Centre Multifonctionnel de Gueliz&#8217; is a Moroccan joint-stock company whose purpose is tourist promotion, acquisition and management of tourist assets, management of tourist operators, real estate promotion, design, implementation, and development of any real estate project, as well as any project related to the &#8216;Centre Multifonctionnel de Gueliz&#8217; and generally any real estate, movable, financial, or commercial operation directly or indirectly related to the aforementioned purpose. The company owns a hotel and a shopping center located in Marrakech.<\/p>\n<p style=\"text-align: right;\">Done in Rabat on September 01, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 adopted for its implementation, the Competition Council makes available to the public the &#8216;operation summary&#8217; 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&#8217;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 adopted for the implementation of Law 104-12 on freedom of prices and competition. Names of the companies and groups concerned: The acquirer: &#8216;Risma SA&#8217;; The target: &#8216;Centre Multifonctionnel de Gueliz SA&#8217;. Nature of the operation Exclusive takeover. Economic sectors concerned Hotel accommodation; Commercial real estate. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. September 11, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration operation concerning the exclusive takeover by the company &#8216;Risma SA&#8217; of the company &#8216;Centre Multifonctionnel de Gueliz SA&#8217; through the acquisition of 100% of the share capital and voting rights. &#8216;Risma SA&#8217; is a Moroccan joint-stock company listed on the Casablanca Stock Exchange. It is a holding company that directly and indirectly owns several subsidiaries operating in the hotel and tourism sector (23 hotels in Morocco). &#8216;Centre Multifonctionnel de Gueliz&#8217; is a Moroccan joint-stock company whose purpose is tourist promotion, acquisition and management of tourist assets, management of tourist operators, real estate promotion, design, implementation, and development of any real estate project, as well as any project related to the &#8216;Centre Multifonctionnel de Gueliz&#8217; and generally any real estate, movable, financial, or commercial operation directly or indirectly related to the aforementioned purpose. The company owns a hotel and a shopping center located in Marrakech. Done in Rabat on September 01, 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-39179","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company &#039;Risma SA&#039; of the company &#039;Centre Multifonctionnel de Gueliz SA&#039; through the acquisition of 100% of the share capital - Conseil de la concurrence du Maroc<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-exclusive-takeover-by-the-company-risma-sa-of-the-company-centre-multifonctionnel-de-gueliz-sa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company &#039;Risma SA&#039; of the company &#039;Centre Multifonctionnel de Gueliz SA&#039; through the acquisition of 100% of the share capital - Conseil de la concurrence du Maroc\" \/>\n<meta property=\"og:description\" content=\"In accordance with Article 13 of Law 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 adopted for its implementation, the Competition Council makes available to the public the &#8216;operation summary&#8217; 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&#8217;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 adopted for the implementation of Law 104-12 on freedom of prices and competition. Names of the companies and groups concerned: The acquirer: &#8216;Risma SA&#8217;; The target: &#8216;Centre Multifonctionnel de Gueliz SA&#8217;. Nature of the operation Exclusive takeover. Economic sectors concerned Hotel accommodation; Commercial real estate. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. September 11, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration operation concerning the exclusive takeover by the company &#8216;Risma SA&#8217; of the company &#8216;Centre Multifonctionnel de Gueliz SA&#8217; through the acquisition of 100% of the share capital and voting rights. &#8216;Risma SA&#8217; is a Moroccan joint-stock company listed on the Casablanca Stock Exchange. It is a holding company that directly and indirectly owns several subsidiaries operating in the hotel and tourism sector (23 hotels in Morocco). &#8216;Centre Multifonctionnel de Gueliz&#8217; is a Moroccan joint-stock company whose purpose is tourist promotion, acquisition and management of tourist assets, management of tourist operators, real estate promotion, design, implementation, and development of any real estate project, as well as any project related to the &#8216;Centre Multifonctionnel de Gueliz&#8217; and generally any real estate, movable, financial, or commercial operation directly or indirectly related to the aforementioned purpose. The company owns a hotel and a shopping center located in Marrakech. 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