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 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 in any way prejudge the Competition Council’s position on the proposed operation.<\/p>\n
The publication of this press release does not confirm the completeness of the file as 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 has received notification of an economic concentration operation involving the acquisition of control by the investment fund \u201cVenture Capital Fund (VCF)\u201d of the company \u201cPremium Technology and Services SAS (PTS)\u201d, alongside the historical shareholders, through the acquisition of 5.75% of its share capital and related voting rights.<\/p>\n \u201cVenture Capital Fund (VCF)\u201d is a Moroccan investment fund, headquartered at 63 Boulevard Moulay Youssef, Casablanca, Morocco, registered with the Casablanca Trade Register under number 555025.<\/p>\n \u201cPremium Technology and Services (PTS)\u201d is a Moroccan simplified joint-stock company, with its registered office located at 1st<\/sup> floor, building 14 (Panorama Offices), Boulevard Abou Bakr Kadiri, Sidi Maarouf, Casablanca, registered with the Casablanca Trade Register under number 470799. It operates in the digital payment solutions sector.<\/p>\n <\/p>\n Done in Rabat, December 12, 2024<\/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 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 in any way prejudge the Competition Council’s position on the proposed operation. The publication of this press release does not confirm the completeness of the file as 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: \u201cVenture Capital Fund (VCF)\u201d; The target: \u201cPremium Technology and Services SAS (PTS)\u201d. Nature of the operation: Joint control acquisition. Economic sectors concerned: Card payment processing market; POS terminals market and related services. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. December 26, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration operation involving the acquisition of control by the investment fund \u201cVenture Capital Fund (VCF)\u201d of the company \u201cPremium Technology and Services SAS (PTS)\u201d, alongside the historical shareholders, through the acquisition of 5.75% of its share capital and related voting rights. \u201cVenture Capital Fund (VCF)\u201d is a Moroccan investment fund, headquartered at 63 Boulevard Moulay Youssef, Casablanca, Morocco, registered with the Casablanca Trade Register under number 555025. \u201cPremium Technology and Services (PTS)\u201d is a Moroccan simplified joint-stock company, with its registered office located at 1st floor, building 14 (Panorama Offices), Boulevard Abou Bakr Kadiri, Sidi Maarouf, Casablanca, registered with the Casablanca Trade Register under number 470799. It operates in the digital payment solutions sector. Done in Rabat, December 12, 2024<\/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-40239","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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