{"id":40855,"date":"2024-07-29T15:10:03","date_gmt":"2024-07-29T15:10:03","guid":{"rendered":"https:\/\/conseil-concurrence.preprod.io\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-concernant-lacquisition-par-la-societe-alpha-oryx-iii-limited-du-controle-conjoint-des-soci-2\/"},"modified":"2026-02-06T12:34:23","modified_gmt":"2026-02-06T12:34:23","slug":"press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/","title":{"rendered":"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d and exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d"},"content":{"rendered":"<p>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 \u201coperation summary\u201d below, containing the information provided by the parties.<\/p>\n<p>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&#8217;s position on the proposed operation.<\/p>\n<p>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 No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n<p><strong>Names of the companies and groups concerned:<\/strong><\/p>\n<ul>\n<li><strong>The acquirer<\/strong>: The company \u201cAlpha Oryx Limited\u201d;<\/li>\n<li><strong>The targets<\/strong>: &#8211; The company \u201cEgyptian Drilling Company S.A.E.\u201d (E.D.C.);<\/li>\n<li>The company \u201cEgyptian Linear Alkyl Benzene S.A.E.\u201d (Elab);<\/li>\n<li>The company \u201cEgyptian Ethylene and Derivatives Company S.A.E.\u201d (ETHYDCO).<\/li>\n<\/ul>\n<p><strong>Nature of the operation<\/strong><\/p>\n<ul>\n<li>Joint control acquisition of EDC and ELAB companies;<\/li>\n<li>Exclusive control acquisition of ETHYDCO company.<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned<\/strong><\/p>\n<ul>\n<li>Sectors of production and supply of petroleum and petrochemical products.<\/li>\n<\/ul>\n<p><strong>Deadline for interested third parties to submit their observations<\/strong><\/p>\n<ul>\n<li>10 days from the date of publication of this press release, i.e. August 9, 2024.<\/li>\n<\/ul>\n<p><strong>NON-CONFIDENTIAL SUMMARY OF THE OPERATION<\/strong><\/p>\n<p>The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d (Alpha) of exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E. (ETHYDCO)\u201d, as well as joint control of the companies \u201cEgyptian Drilling Company S.A.E. (EDC)\u201d and \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E. (ELAB)\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d (EGPC).<\/p>\n<p>\u201cAlpha\u201d is a limited liability company organized and operated under the laws of the United Arab Emirates, with the trade register number 000004009, headquartered in the United Arab Emirates, ultimately controlled by \u201cAbu Dhabi Developmental Holding Company P.J.S.C.\u201d (ADQ).<\/p>\n<p>Established in Abu Dhabi in 2018, ADQ is one of the largest holding companies in the region, with direct and indirect investments in various sectors of Abu Dhabi&#8217;s economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transportation, and utilities.<\/p>\n<p>\u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d is a joint-stock company under Egyptian law registered in the Cairo investment commercial register under number 178136;<\/p>\n<p>\u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 1609; and<\/p>\n<p>\u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 6673.<\/p>\n<p>The Targets are active in the production of petroleum derivatives and, upstream, in the oil and gas sector, mainly, but not exclusively, in Egypt. They are owned by the company \u201cEgyptian General Petroleum Corporation,\u201d established under Law No. 135 of 1956 in Egypt. Its activities, conducted directly and through its portfolio companies, are related to the production of oil and oil derivatives for local and international consumption.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\">Done in Rabat, on <em>July 29, 2024<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201coperation summary\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&#8217;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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirer: The company \u201cAlpha Oryx Limited\u201d; The targets: &#8211; The company \u201cEgyptian Drilling Company S.A.E.\u201d (E.D.C.); The company \u201cEgyptian Linear Alkyl Benzene S.A.E.\u201d (Elab); The company \u201cEgyptian Ethylene and Derivatives Company S.A.E.\u201d (ETHYDCO). Nature of the operation Joint control acquisition of EDC and ELAB companies; Exclusive control acquisition of ETHYDCO company. Economic sectors concerned Sectors of production and supply of petroleum and petrochemical products. 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 OPERATION The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d (Alpha) of exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E. (ETHYDCO)\u201d, as well as joint control of the companies \u201cEgyptian Drilling Company S.A.E. (EDC)\u201d and \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E. (ELAB)\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d (EGPC). \u201cAlpha\u201d is a limited liability company organized and operated under the laws of the United Arab Emirates, with the trade register number 000004009, headquartered in the United Arab Emirates, ultimately controlled by \u201cAbu Dhabi Developmental Holding Company P.J.S.C.\u201d (ADQ). Established in Abu Dhabi in 2018, ADQ is one of the largest holding companies in the region, with direct and indirect investments in various sectors of Abu Dhabi&#8217;s economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transportation, and utilities. \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d is a joint-stock company under Egyptian law registered in the Cairo investment commercial register under number 178136; \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 1609; and \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 6673. The Targets are active in the production of petroleum derivatives and, upstream, in the oil and gas sector, mainly, but not exclusively, in Egypt. They are owned by the company \u201cEgyptian General Petroleum Corporation,\u201d established under Law No. 135 of 1956 in Egypt. Its activities, conducted directly and through its portfolio companies, are related to the production of oil and oil derivatives for local and international consumption. &nbsp; Done in Rabat, on 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-40855","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d and exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d - Conseil de la concurrence du Maroc<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d and exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d - Conseil de la concurrence du Maroc\" \/>\n<meta property=\"og:description\" content=\"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 \u201coperation summary\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&#8217;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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirer: The company \u201cAlpha Oryx Limited\u201d; The targets: &#8211; The company \u201cEgyptian Drilling Company S.A.E.\u201d (E.D.C.); The company \u201cEgyptian Linear Alkyl Benzene S.A.E.\u201d (Elab); The company \u201cEgyptian Ethylene and Derivatives Company S.A.E.\u201d (ETHYDCO). Nature of the operation Joint control acquisition of EDC and ELAB companies; Exclusive control acquisition of ETHYDCO company. Economic sectors concerned Sectors of production and supply of petroleum and petrochemical products. 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 OPERATION The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d (Alpha) of exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E. (ETHYDCO)\u201d, as well as joint control of the companies \u201cEgyptian Drilling Company S.A.E. (EDC)\u201d and \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E. (ELAB)\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d (EGPC). \u201cAlpha\u201d is a limited liability company organized and operated under the laws of the United Arab Emirates, with the trade register number 000004009, headquartered in the United Arab Emirates, ultimately controlled by \u201cAbu Dhabi Developmental Holding Company P.J.S.C.\u201d (ADQ). Established in Abu Dhabi in 2018, ADQ is one of the largest holding companies in the region, with direct and indirect investments in various sectors of Abu Dhabi&#8217;s economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transportation, and utilities. \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d is a joint-stock company under Egyptian law registered in the Cairo investment commercial register under number 178136; \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 1609; and \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 6673. The Targets are active in the production of petroleum derivatives and, upstream, in the oil and gas sector, mainly, but not exclusively, in Egypt. They are owned by the company \u201cEgyptian General Petroleum Corporation,\u201d established under Law No. 135 of 1956 in Egypt. Its activities, conducted directly and through its portfolio companies, are related to the production of oil and oil derivatives for local and international consumption. &nbsp; Done in Rabat, on July 29, 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/\" \/>\n<meta property=\"og:site_name\" content=\"Conseil de la concurrence du Maroc\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-29T15:10:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-06T12:34:23+00:00\" \/>\n<meta name=\"author\" content=\"Youssef OTMANE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Youssef OTMANE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/#\\\/schema\\\/person\\\/24b4bd1e24ccf3057c8fcb57662a0b81\"},\"headline\":\"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) 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S.A.E.\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d and exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d - Conseil de la concurrence du Maroc","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/","og_locale":"en_US","og_type":"article","og_title":"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d and exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d - Conseil de la concurrence du Maroc","og_description":"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 \u201coperation summary\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&#8217;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 No. 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: The acquirer: The company \u201cAlpha Oryx Limited\u201d; The targets: &#8211; The company \u201cEgyptian Drilling Company S.A.E.\u201d (E.D.C.); The company \u201cEgyptian Linear Alkyl Benzene S.A.E.\u201d (Elab); The company \u201cEgyptian Ethylene and Derivatives Company S.A.E.\u201d (ETHYDCO). Nature of the operation Joint control acquisition of EDC and ELAB companies; Exclusive control acquisition of ETHYDCO company. Economic sectors concerned Sectors of production and supply of petroleum and petrochemical products. 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 OPERATION The Competition Council received notification of an economic concentration operation concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d (Alpha) of exclusive control of the company \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E. (ETHYDCO)\u201d, as well as joint control of the companies \u201cEgyptian Drilling Company S.A.E. (EDC)\u201d and \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E. (ELAB)\u201d, alongside the company \u201cEgyptian General Petroleum Corporation\u201d (EGPC). \u201cAlpha\u201d is a limited liability company organized and operated under the laws of the United Arab Emirates, with the trade register number 000004009, headquartered in the United Arab Emirates, ultimately controlled by \u201cAbu Dhabi Developmental Holding Company P.J.S.C.\u201d (ADQ). Established in Abu Dhabi in 2018, ADQ is one of the largest holding companies in the region, with direct and indirect investments in various sectors of Abu Dhabi&#8217;s economy, including food and agriculture, aviation, financial services, healthcare, industries, logistics, media, real estate, tourism and hospitality, transportation, and utilities. \u201cEgyptian Drilling Company (E.D.C.) S.A.E.\u201d is a joint-stock company under Egyptian law registered in the Cairo investment commercial register under number 178136; \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 1609; and \u201cEgyptian Ethylene and Derivatives Company (ETHYDCO) S.A.E.\u201d is a joint-stock company organized and existing under Egyptian law, registered in the Alexandria commercial register under number 6673. The Targets are active in the production of petroleum derivatives and, upstream, in the oil and gas sector, mainly, but not exclusively, in Egypt. They are owned by the company \u201cEgyptian General Petroleum Corporation,\u201d established under Law No. 135 of 1956 in Egypt. Its activities, conducted directly and through its portfolio companies, are related to the production of oil and oil derivatives for local and international consumption. &nbsp; Done in Rabat, on July 29, 2024","og_url":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/","og_site_name":"Conseil de la concurrence du Maroc","article_published_time":"2024-07-29T15:10:03+00:00","article_modified_time":"2026-02-06T12:34:23+00:00","author":"Youssef OTMANE","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Youssef OTMANE","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/#article","isPartOf":{"@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-alpha-oryx-iii-limited-of-joint-control-of-the-compa\/"},"author":{"name":"Youssef OTMANE","@id":"https:\/\/conseil-concurrence.ma\/en\/#\/schema\/person\/24b4bd1e24ccf3057c8fcb57662a0b81"},"headline":"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cAlpha Oryx III Limited\u201d of joint control of the companies \u201cEgyptian Linear Alkyl Benzene (Elab) S.A.E.\u201d and \u201cEgyptian Drilling Company (E.D.C.) 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