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 \u00ab summary of the transaction \u00bb below, containing the information provided by the parties.<\/p>\n
This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.<\/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 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 concerned:<\/strong><\/p>\n Nature of the transaction<\/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 TRANSACTION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of a concentration operation, whereby the company \u00ab Abu Dhabi Developmental Holding Company PJSC \u00bb intends to acquire the indirect joint control of the company \u00ab Sotheby’s Holdings UK Ltd \u00bb through its \u00ab subsidiary ADQ CV Future Holdings I Ltd \u00bb.<\/p>\n Abu Dhabi Developmental Holding Company PJSC is a public limited company and investment holding company based in Abu Dhabi, which holds a wide portfolio of major companies.<\/p>\n Sotheby’s Holdings UK Limited is a limited liability company under UK law. It operates as an art and luxury collectibles broker and is active in Morocco through the sale of artworks to individuals.<\/p>\n <\/p>\n Done in Rabat on September 05, 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 \u00ab summary of the transaction \u00bb below, containing the information provided by the parties. This information has been prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’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 concerned: The direct acquirer: \u00abADQ CV Future Holdings I Ltd\u00bb; The indirect acquirer: \u00abAbu Dhabi Developmental Holding Company PJSC (\u00ab ADQ \u00bb); The target: \u00ab Sotheby’s Holdings UK Ltd \u00bb. Nature of the transaction Acquisition of joint control Economic sector concerned The art sector. 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 TRANSACTION PROVIDED BY THE PARTIES The Competition Council has received notification of a concentration operation, whereby the company \u00ab Abu Dhabi Developmental Holding Company PJSC \u00bb intends to acquire the indirect joint control of the company \u00ab Sotheby’s Holdings UK Ltd \u00bb through its \u00ab subsidiary ADQ CV Future Holdings I Ltd \u00bb. Abu Dhabi Developmental Holding Company PJSC is a public limited company and investment holding company based in Abu Dhabi, which holds a wide portfolio of major companies. Sotheby’s Holdings UK Limited is a limited liability company under UK law. It operates as an art and luxury collectibles broker and is active in Morocco through the sale of artworks to individuals. Done in Rabat on September 05, 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-40804","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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