{"id":39823,"date":"2025-04-03T09:27:22","date_gmt":"2025-04-03T09:27:22","guid":{"rendered":"https:\/\/conseil-concurrence.preprod.io\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-concernant-la-prise-de-controle-conjoint-par-cdg-invest-sa-de-la-societe-alhora-alqabida-sarl-2\/"},"modified":"2026-02-06T11:08:10","modified_gmt":"2026-02-06T11:08:10","slug":"press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/","title":{"rendered":"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners"},"content":{"rendered":"<p>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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the transaction\u201d 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 transaction.<\/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 No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n<p><strong>Names of the companies and groups involved:<\/strong><\/p>\n<ul>\n<li><strong>The acquirer<\/strong>: \u201cCDG Invest SA\u201d;<\/li>\n<li><strong>The target<\/strong>: \u201cAlhora Alqabida SARL\u201d.<\/li>\n<\/ul>\n<p><strong>Nature of the transaction:<\/strong><\/p>\n<ul>\n<li>Joint takeover.<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned:<\/strong><\/p>\n<ul>\n<li>Market for the processing, valorization, and marketing of agricultural products.<\/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. April 16, 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 transaction consisting of the joint takeover by the company \u201cCDG Invest SA\u201d, a subsidiary of the Caisse de D\u00e9p\u00f4t et de Gestion, of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights alongside its historical partners.<\/p>\n<p>\u201cCDG Invest SA\u201d is a Moroccan joint-stock company, headquartered in Rabat, Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat, Morocco, and registered with the Rabat Trade Register under number 61511. \u201cCDG Invest\u201d is the investment branch of the Caisse de D\u00e9p\u00f4t et de Gestion, primarily engaged in holding and managing several thematic investment funds and portfolios of investments.<\/p>\n<p>\u201cAlhora Alqabida SARL\u201d is a Moroccan limited liability company established in 2021, with its registered office at 49 Ahmed Barakat Street, ground floor, No. 3 M\u00e2arif, Casablanca, and registered with the Casablanca Trade Register under number 495649. The company&#8217;s purpose is to hold stakes in companies, both in Morocco and internationally. It holds stakes in \u201cClarence Industries Sarlau\u201d and \u201cFrozentrade International Sarlau\u201d, through which it operates in the sector of processing, valorization, and marketing of agricultural products.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\">Done in Rabat, on April 3, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the transaction\u201d 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 transaction. 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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups involved: The acquirer: \u201cCDG Invest SA\u201d; The target: \u201cAlhora Alqabida SARL\u201d. Nature of the transaction: Joint takeover. Economic sectors concerned: Market for the processing, valorization, and marketing of agricultural products. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. April 16, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration transaction consisting of the joint takeover by the company \u201cCDG Invest SA\u201d, a subsidiary of the Caisse de D\u00e9p\u00f4t et de Gestion, of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights alongside its historical partners. \u201cCDG Invest SA\u201d is a Moroccan joint-stock company, headquartered in Rabat, Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat, Morocco, and registered with the Rabat Trade Register under number 61511. \u201cCDG Invest\u201d is the investment branch of the Caisse de D\u00e9p\u00f4t et de Gestion, primarily engaged in holding and managing several thematic investment funds and portfolios of investments. \u201cAlhora Alqabida SARL\u201d is a Moroccan limited liability company established in 2021, with its registered office at 49 Ahmed Barakat Street, ground floor, No. 3 M\u00e2arif, Casablanca, and registered with the Casablanca Trade Register under number 495649. The company&#8217;s purpose is to hold stakes in companies, both in Morocco and internationally. It holds stakes in \u201cClarence Industries Sarlau\u201d and \u201cFrozentrade International Sarlau\u201d, through which it operates in the sector of processing, valorization, and marketing of agricultural products. &nbsp; Done in Rabat, on April 3, 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-39823","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 joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners - 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-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/\" \/>\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 joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners - Conseil de la concurrence du Maroc\" \/>\n<meta property=\"og:description\" content=\"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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the transaction\u201d 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 transaction. 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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups involved: The acquirer: \u201cCDG Invest SA\u201d; The target: \u201cAlhora Alqabida SARL\u201d. Nature of the transaction: Joint takeover. Economic sectors concerned: Market for the processing, valorization, and marketing of agricultural products. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. April 16, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration transaction consisting of the joint takeover by the company \u201cCDG Invest SA\u201d, a subsidiary of the Caisse de D\u00e9p\u00f4t et de Gestion, of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights alongside its historical partners. \u201cCDG Invest SA\u201d is a Moroccan joint-stock company, headquartered in Rabat, Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat, Morocco, and registered with the Rabat Trade Register under number 61511. \u201cCDG Invest\u201d is the investment branch of the Caisse de D\u00e9p\u00f4t et de Gestion, primarily engaged in holding and managing several thematic investment funds and portfolios of investments. \u201cAlhora Alqabida SARL\u201d is a Moroccan limited liability company established in 2021, with its registered office at 49 Ahmed Barakat Street, ground floor, No. 3 M\u00e2arif, Casablanca, and registered with the Casablanca Trade Register under number 495649. The company&#8217;s purpose is to hold stakes in companies, both in Morocco and internationally. It holds stakes in \u201cClarence Industries Sarlau\u201d and \u201cFrozentrade International Sarlau\u201d, through which it operates in the sector of processing, valorization, and marketing of agricultural products. &nbsp; Done in Rabat, on April 3, 2025\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/\" \/>\n<meta property=\"og:site_name\" content=\"Conseil de la concurrence du Maroc\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-03T09:27:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-06T11:08:10+00:00\" \/>\n<meta name=\"author\" content=\"Youssef OTMANE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Youssef OTMANE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/#\\\/schema\\\/person\\\/24b4bd1e24ccf3057c8fcb57662a0b81\"},\"headline\":\"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners\",\"datePublished\":\"2025-04-03T09:27:22+00:00\",\"dateModified\":\"2026-02-06T11:08:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\\\/\"},\"wordCount\":433,\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\\\/\",\"url\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\\\/\",\"name\":\"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners - 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Conseil de la concurrence du Maroc","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/","og_locale":"en_US","og_type":"article","og_title":"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners - Conseil de la concurrence du Maroc","og_description":"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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u201csummary of the transaction\u201d 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 transaction. 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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups involved: The acquirer: \u201cCDG Invest SA\u201d; The target: \u201cAlhora Alqabida SARL\u201d. Nature of the transaction: Joint takeover. Economic sectors concerned: Market for the processing, valorization, and marketing of agricultural products. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. April 16, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration transaction consisting of the joint takeover by the company \u201cCDG Invest SA\u201d, a subsidiary of the Caisse de D\u00e9p\u00f4t et de Gestion, of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights alongside its historical partners. \u201cCDG Invest SA\u201d is a Moroccan joint-stock company, headquartered in Rabat, Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat, Morocco, and registered with the Rabat Trade Register under number 61511. \u201cCDG Invest\u201d is the investment branch of the Caisse de D\u00e9p\u00f4t et de Gestion, primarily engaged in holding and managing several thematic investment funds and portfolios of investments. \u201cAlhora Alqabida SARL\u201d is a Moroccan limited liability company established in 2021, with its registered office at 49 Ahmed Barakat Street, ground floor, No. 3 M\u00e2arif, Casablanca, and registered with the Casablanca Trade Register under number 495649. The company&#8217;s purpose is to hold stakes in companies, both in Morocco and internationally. It holds stakes in \u201cClarence Industries Sarlau\u201d and \u201cFrozentrade International Sarlau\u201d, through which it operates in the sector of processing, valorization, and marketing of agricultural products. &nbsp; Done in Rabat, on April 3, 2025","og_url":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/","og_site_name":"Conseil de la concurrence du Maroc","article_published_time":"2025-04-03T09:27:22+00:00","article_modified_time":"2026-02-06T11:08:10+00:00","author":"Youssef OTMANE","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Youssef OTMANE","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/#article","isPartOf":{"@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/"},"author":{"name":"Youssef OTMANE","@id":"https:\/\/conseil-concurrence.ma\/en\/#\/schema\/person\/24b4bd1e24ccf3057c8fcb57662a0b81"},"headline":"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners","datePublished":"2025-04-03T09:27:22+00:00","dateModified":"2026-02-06T11:08:10+00:00","mainEntityOfPage":{"@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/"},"wordCount":433,"articleSection":["Press Releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/","url":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-takeover-by-cdg-invest-sa-of-the-company-alhora-alqabida-sarl\/","name":"Press release from the Competition Council regarding the economic concentration project concerning the joint takeover by \u201cCDG Invest SA\u201d of the company \u201cAlhora Alqabida SARL\u201d, through the acquisition of 22% of the share capital and related voting rights, alongside its historical partners - 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