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 \u00ab summary of the operation \u00bb below, containing the information provided by the parties.<\/p>\n
This information was 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 sectors concerned<\/strong><\/p>\n Deadline for interested third parties to submit their observations<\/strong><\/p>\n – 10 days from the date of publication of this statement, i.e. July 22, 2024.<\/em><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE OPERATION<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation concerning the acquisition by the investment fund \u00ab THE INVESTMENT FUND FOR DEVELOPING COUNTRIES \u00bb, the company \u00ab PROPARCO SA \u00bb, and the company \u00ab SIAD TEA2 LLP \u00bb of joint control of the company \u00ab IMPERIUM HOLDING SARL \u00bb, through the joint acquisition of 31% of its share capital and related voting rights.<\/p>\n \u00ab THE INVESTMENT FUND FOR DEVELOPING COUNTRIES \u00bb is a Danish investment fund holding stakes in companies active in various sectors, including tea packaging and distribution, coffee and macadamia nut cultivation and sales in African countries.<\/p>\n \u00ab PROPARCO SA \u00bb is a French public limited company, whose main mission is to finance and support projects of companies and financial institutions in developing and emerging countries, from SMEs to regional banking groups, including microfinance institutions.<\/p>\n \u00ab SIAD TEA2 LLP \u00bb is a newly created vehicle, for the purposes of the operation, established as a limited liability company under English and Welsh law.<\/p>\n \u00ab IMPERIUM HOLDING SARL \u00bb is a Moroccan limited liability company, active in pre-packaged tea packaging.<\/p>\n <\/p>\n Done in Rabat, on July 11, 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 \u00ab summary of the operation \u00bb below, containing the information provided by the parties. This information was 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: Acquirer No.1: The investment fund \u00ab THE INVESTMENT FUND FOR DEVELOPING COUNTRIES \u00bb; Acquirer No.2: The company \u00ab PROPARCO SA \u00bb; Acquirer No.3: The company \u00ab SIAD TEA2 LLP \u00bb; The target: The company \u00ab IMPERIUM HOLDING SARL \u00bb. Nature of the operation Takeover Economic sectors concerned Pre-packaged tea packaging. Deadline for interested third parties to submit their observations – 10 days from the date of publication of this statement, i.e. July 22, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION The Competition Council received notification of an economic concentration operation concerning the acquisition by the investment fund \u00ab THE INVESTMENT FUND FOR DEVELOPING COUNTRIES \u00bb, the company \u00ab PROPARCO SA \u00bb, and the company \u00ab SIAD TEA2 LLP \u00bb of joint control of the company \u00ab IMPERIUM HOLDING SARL \u00bb, through the joint acquisition of 31% of its share capital and related voting rights. \u00ab THE INVESTMENT FUND FOR DEVELOPING COUNTRIES \u00bb is a Danish investment fund holding stakes in companies active in various sectors, including tea packaging and distribution, coffee and macadamia nut cultivation and sales in African countries. \u00ab PROPARCO SA \u00bb is a French public limited company, whose main mission is to finance and support projects of companies and financial institutions in developing and emerging countries, from SMEs to regional banking groups, including microfinance institutions. \u00ab SIAD TEA2 LLP \u00bb is a newly created vehicle, for the purposes of the operation, established as a limited liability company under English and Welsh law. \u00ab IMPERIUM HOLDING SARL \u00bb is a Moroccan limited liability company, active in pre-packaged tea packaging. Done in Rabat, on July 11, 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-40933","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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