In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the below “operation summary,” 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 prejudge the Competition Council’s position on the proposed operation.<\/p>\n
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 issued for the implementation of Law 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 a notification of an economic concentration operation consisting of a joint takeover by \u201cAzur Innovation Fund\u201d and \u201cCDG Invest SA\u201d of the company \u201cLNKO SARL\u201d through the acquisition of respectively an additional 16.63% and 3.42% of its capital and associated voting rights.<\/p>\n The operation results in the transition from joint control of \u201cLNKO SARL\u201d by \u201cCDG Invest SA\u201d and \u201cLNKO USA\u201d to joint control of \u201cLNKO SARL\u201d exercised by \u201cCDG Invest SA\u201d, \u201cLNKO USA\u201d, and \u201cAzur Innovation Fund\u201d.<\/p>\n \u201cAzur Innovation Fund\u201d is an investment fund in the form of a collective investment scheme in capital, which aims to invest in innovative Moroccan startups.<\/p>\n \u201cCDG Invest SA\u201d is a Moroccan public limited company that mainly operates in the acquisition and management of investment funds and the holding of stakes in the capital of companies both in Morocco and abroad. It is a wholly-owned subsidiary of the Caisse de D\u00e9p\u00f4t et de la Gestion.<\/p>\n The company \u201cLNKO SARL\u201d operates in the market for the distribution and retail sale of glasses.<\/p>\n <\/p>\n Done in Rabat on September 5, 2024<\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition as amended and supplemented, and Article 10 of Decree No. 2-14-652 issued for its implementation, the Competition Council makes available to the public the below “operation summary,” 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 prejudge the Competition Council’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 issued for the implementation of Law 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups involved: Acquirer 1: \u201cAzur Innovation Fund\u201d; Acquirer 2: \u201cCDG Invest SA\u201d; The target: \u201cLNKO SARL\u201d. Nature of the operation Joint takeover. Economic sectors concerned The market for the distribution and retail sale of glasses. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e., September 16, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received a notification of an economic concentration operation consisting of a joint takeover by \u201cAzur Innovation Fund\u201d and \u201cCDG Invest SA\u201d of the company \u201cLNKO SARL\u201d through the acquisition of respectively an additional 16.63% and 3.42% of its capital and associated voting rights. The operation results in the transition from joint control of \u201cLNKO SARL\u201d by \u201cCDG Invest SA\u201d and \u201cLNKO USA\u201d to joint control of \u201cLNKO SARL\u201d exercised by \u201cCDG Invest SA\u201d, \u201cLNKO USA\u201d, and \u201cAzur Innovation Fund\u201d. \u201cAzur Innovation Fund\u201d is an investment fund in the form of a collective investment scheme in capital, which aims to invest in innovative Moroccan startups. \u201cCDG Invest SA\u201d is a Moroccan public limited company that mainly operates in the acquisition and management of investment funds and the holding of stakes in the capital of companies both in Morocco and abroad. It is a wholly-owned subsidiary of the Caisse de D\u00e9p\u00f4t et de la Gestion. The company \u201cLNKO SARL\u201d operates in the market for the distribution and retail sale of glasses. Done in Rabat on September 5, 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-40748","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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