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 following \u201coperation summary\u201d containing the 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 in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
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 adopted 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 operation concerning the joint takeover by the company \u201cKartesia Management SARL\u201d, through its subsidiaries \u201cKartesia Securities V SARL\u201d and \u201cKartesia Topco VI SARL\u201d, of the company \u201cDerivados Asf\u00e1lticos Normalizados, SA\u201d, by acquiring a minority stake in the share capital and associated voting rights, with and alongside the company \u201cRiocal SL\u201d.<\/p>\n \u201cKartesia Management, SARL\u201d is a Luxembourg limited liability company registered under number B179289, with its registered office at 5-7 rue L\u00e9on Laval, L-3372 Leudelange, Grand Duchy of Luxembourg. Its main activity is the management of collective investment undertakings in accordance with European Directive 2017\/61\/EU, specializing in debt, equity, and hybrid capital investments in private companies. It operates in several European countries (Netherlands, Belgium, Luxembourg, Italy, Germany, France, Spain, and the United Kingdom).<\/p>\n \u201cRiocal SL\u201d is a Spanish limited liability company registered under number B78822210, with its registered office at Calle de la Granja, 3, 28018 Alcobendas (Madrid). It is a holding company that holds interests and supports the management of businesses.<\/p>\n \u201cDerivados Asf\u00e1lticos Normalizados, SA\u201d is a Spanish public limited company registered with the Madrid Commercial Registry under number 37588, with its registered office at Calle de la Granja, 3, 28018 Alcobendas (Madrid). It has several subsidiaries in France, Portugal, the United Kingdom, Colombia, Morocco, and India, engaged in the manufacture and marketing of asphalt sheets, as well as insulating and soundproofing products, construction auxiliary products, and any chemical product directly or indirectly related to construction.<\/p>\n <\/p>\n Done in Rabat, on January 2, 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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the following \u201coperation summary\u201d 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 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: The company \u201cKartesia Management, SARL\u201d; The seller: The company \u201cRiocal SL\u201d; The target: The company \u201cDerivados Asf\u00e1lticos Normalizados, SA\u201d. Nature of the operation Joint control acquisition. Economic sectors concerned Supply sector of insulation materials, thermal insulation systems, and mortars. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e. January 16, 2025. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation concerning the joint takeover by the company \u201cKartesia Management SARL\u201d, through its subsidiaries \u201cKartesia Securities V SARL\u201d and \u201cKartesia Topco VI SARL\u201d, of the company \u201cDerivados Asf\u00e1lticos Normalizados, SA\u201d, by acquiring a minority stake in the share capital and associated voting rights, with and alongside the company \u201cRiocal SL\u201d. \u201cKartesia Management, SARL\u201d is a Luxembourg limited liability company registered under number B179289, with its registered office at 5-7 rue L\u00e9on Laval, L-3372 Leudelange, Grand Duchy of Luxembourg. Its main activity is the management of collective investment undertakings in accordance with European Directive 2017\/61\/EU, specializing in debt, equity, and hybrid capital investments in private companies. It operates in several European countries (Netherlands, Belgium, Luxembourg, Italy, Germany, France, Spain, and the United Kingdom). \u201cRiocal SL\u201d is a Spanish limited liability company registered under number B78822210, with its registered office at Calle de la Granja, 3, 28018 Alcobendas (Madrid). It is a holding company that holds interests and supports the management of businesses. \u201cDerivados Asf\u00e1lticos Normalizados, SA\u201d is a Spanish public limited company registered with the Madrid Commercial Registry under number 37588, with its registered office at Calle de la Granja, 3, 28018 Alcobendas (Madrid). It has several subsidiaries in France, Portugal, the United Kingdom, Colombia, Morocco, and India, engaged in the manufacture and marketing of asphalt sheets, as well as insulating and soundproofing products, construction auxiliary products, and any chemical product directly or indirectly related to construction. Done in Rabat, on January 2, 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":[343],"tags":[],"class_list":["post-40180","post","type-post","status-publish","format-standard","hentry","category-domestic-activities"],"acf":[],"yoast_head":"\n\n
\n
\n
\n