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 operation\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 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 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of companies and individuals involved:<\/strong><\/p>\n Nature of the operation:<\/strong><\/p>\n Economic sector 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 press release, i.e., June 3, 2024.<\/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 concerning the establishment of a joint venture by the company \u201cTESCA Group SAS\u201d and the company \u201cMAFACO S.A.\u201d.<\/p>\n \u201cMafaco SA\u201d is a Moroccan joint stock company, active in the manufacture of automotive fabric. \u201cMafaco SA\u201d is a wholly-owned subsidiary of \u201cSafari SA\u201d.<\/p>\n \u201cTESCA Group SAS\u201d is a French simplified joint-stock company, active in the manufacture of textiles and seat components for the automotive industry. It is owned by \u201cFern France\u201d with its headquarters in Paris-La D\u00e9fense, which is the parent company of the \u201cTESCA\u201d Group companies.<\/p>\n The joint venture will be a Moroccan joint stock company whose corporate purpose, in Morocco and abroad, whether on its own behalf or on behalf of others, includes all industrial and commercial operations related to the study, design, development, manufacture, assembly, marketing, purchase, sale, and distribution of all textile products, knitted or woven, laminated or not, intended for the automotive industry and cut and sewn parts for the interior of motor vehicles, the manufacture of automotive seat headrests, namely the metal frame of the headrest, as well as all related and complementary activities.<\/p>\n <\/p>\n Done in Rabat, on May 23, 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 operation\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 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 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented. Names of companies and individuals involved: Founder No. 1: The company \u201cTESCA Group SAS\u201d; Founder No. 2: The company \u201cMAFACO S.A.\u201d. Nature of the operation: Establishment of a joint venture. Economic sector concerned: Automotive parts industry sector. Deadline for interested third parties to submit their observations: – 10 days from the date of publication of this press release, i.e., June 3, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received a notification of an economic concentration operation concerning the establishment of a joint venture by the company \u201cTESCA Group SAS\u201d and the company \u201cMAFACO S.A.\u201d. \u201cMafaco SA\u201d is a Moroccan joint stock company, active in the manufacture of automotive fabric. \u201cMafaco SA\u201d is a wholly-owned subsidiary of \u201cSafari SA\u201d. \u201cTESCA Group SAS\u201d is a French simplified joint-stock company, active in the manufacture of textiles and seat components for the automotive industry. It is owned by \u201cFern France\u201d with its headquarters in Paris-La D\u00e9fense, which is the parent company of the \u201cTESCA\u201d Group companies. The joint venture will be a Moroccan joint stock company whose corporate purpose, in Morocco and abroad, whether on its own behalf or on behalf of others, includes all industrial and commercial operations related to the study, design, development, manufacture, assembly, marketing, purchase, sale, and distribution of all textile products, knitted or woven, laminated or not, intended for the automotive industry and cut and sewn parts for the interior of motor vehicles, the manufacture of automotive seat headrests, namely the metal frame of the headrest, as well as all related and complementary activities. Done in Rabat, on May 23, 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-41116","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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