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 \u201csummary of the operation\u201d below, 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 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 concerned:<\/strong><\/p>\n Nature of the operation<\/strong><\/p>\n Economic sector 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 acquisition by \u201cAMETHIS FUND III S.C.A., SICAV-RAIF of fifty-six percent (56%) of the share capital and voting rights of the company \u201cKAZAREEN TEXTILE GROUP LTD\u201d<\/em>, a holding company operating in the textile sector and holding companies in Egypt, Germany, France, and Canada.<\/p>\n The remaining share capital and voting rights of the company will be retained by the historical shareholders.<\/p>\n AMETHIS FUND III S.C.A, SICAV-RAIF, a Luxembourg limited partnership by shares (S.C.A.), organized as a variable capital investment company (SICAV) and as a reserved alternative investment fund (RAIF),<\/p>\n The Target \u201cKAZAREEN TEXTILE GROUP LTD\u201d is an English company operating in the textile sector, particularly in the production of clothing fabrics and hotel textiles.<\/p>\n <\/p>\n Done in Rabat, on November 7, 2024<\/em><\/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 \u201csummary of the operation\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’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 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 concerned: The acquirer: \u201cAMETHIS FUND III S.C.A., SICAV-RAIF\u201d; The target: \u201cKAZAREEN TEXTILE GROUP LTD\u201d. Nature of the operation Acquisition of joint control Economic sector concerned The textile market Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e. November 21 NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation concerning the acquisition by \u201cAMETHIS FUND III S.C.A., SICAV-RAIF of fifty-six percent (56%) of the share capital and voting rights of the company \u201cKAZAREEN TEXTILE GROUP LTD\u201d, a holding company operating in the textile sector and holding companies in Egypt, Germany, France, and Canada. The remaining share capital and voting rights of the company will be retained by the historical shareholders. AMETHIS FUND III S.C.A, SICAV-RAIF, a Luxembourg limited partnership by shares (S.C.A.), organized as a variable capital investment company (SICAV) and as a reserved alternative investment fund (RAIF), The Target \u201cKAZAREEN TEXTILE GROUP LTD\u201d is an English company operating in the textile sector, particularly in the production of clothing fabrics and hotel textiles. Done in Rabat, on November 7, 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-40469","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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