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 \u201csummary of the transaction\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 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 sectors 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 received notification of an economic concentration project concerning the acquisition by the company \u201cSONOCO PRODUCTS COMPANY\u201d of the exclusive control of the company \u201cTITAN HPLDINGS I BV\u201d through the acquisition of its issued and outstanding shares, from the company \u201cTitan Holdings Co\u00f6peratief U.A.\u201d<\/p>\n \u201cSONOCO PRODUCTS COMPANY<\/em>\u201d is an American company and a global manufacturer of industrial and consumer packaging products.<\/p>\n \u201cTITAN HOLDINGS I B.V.<\/em>\u201d, is a Dutch limited liability company, which indirectly holds a majority stake in the company \u201cEVIOSYS PACKAGING MAROC\u201d, a Moroccan joint stock company. The group to which Titan belongs is a metal packaging solutions manufacturer based in Zug, Switzerland.<\/p>\n Done in Rabat, July 29, 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 \u201csummary of the transaction\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 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 acquirer: The company \u201cSONOCO PRODUCTS COMPANY\u201d; The target: The company \u201cTITAN HOLDINGS I B.V.\u201d. Nature of the transaction Acquisition of exclusive control. Economic sectors concerned: Market for food cans; Market for can lids; Market for metal closures. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. August 9, 2024. NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration project concerning the acquisition by the company \u201cSONOCO PRODUCTS COMPANY\u201d of the exclusive control of the company \u201cTITAN HPLDINGS I BV\u201d through the acquisition of its issued and outstanding shares, from the company \u201cTitan Holdings Co\u00f6peratief U.A.\u201d \u201cSONOCO PRODUCTS COMPANY\u201d is an American company and a global manufacturer of industrial and consumer packaging products. \u201cTITAN HOLDINGS I B.V.\u201d, is a Dutch limited liability company, which indirectly holds a majority stake in the company \u201cEVIOSYS PACKAGING MAROC\u201d, a Moroccan joint stock company. The group to which Titan belongs is a metal packaging solutions manufacturer based in Zug, Switzerland. Done in Rabat, July 29, 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-40848","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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