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 confirm 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 involved:<\/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 NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of an economic concentration project concerning the acquisition of exclusive control of the company \u201cRgma Skin Services, S.L.\u201d by the company \u201cLVMH M\u00e9tiers d’Art\u201d (LVMH MdA) through an additional 60% stake in the capital and related voting rights. The Target is jointly controlled by the company \u201cLVMH MdA\u201d, with the proposed operation thus involving a transition from joint control to exclusive control.<\/p>\n \u201cRgma Skin Services, S.L.\u201d is the holding company of a group of companies specializing in the supply, processing, tanning, and sale of high-quality lamb skins.<\/p>\n The company \u201cLVMH MdA\u201d is a wholly-owned subsidiary of the company \u201cLVMH Mo\u00ebt Hennessy Louis Vuitton SE\u201d (LVMH SE), the holding company of the \u201cLVMH\u201d group, present in the luxury sector worldwide.<\/p>\n Done in Rabat on May 2, 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 confirm 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 involved: The acquirer: Company \u201cLVMH M\u00e9tiers d’Art SAS\u201d; The target: \u201cRgma Skin Services, S.L.\u201d. Nature of the operation Acquisition of exclusive control Economic sectors concerned Supply, processing, tanning, and sale of high-quality lamb skins. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e., May 13, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project concerning the acquisition of exclusive control of the company \u201cRgma Skin Services, S.L.\u201d by the company \u201cLVMH M\u00e9tiers d’Art\u201d (LVMH MdA) through an additional 60% stake in the capital and related voting rights. The Target is jointly controlled by the company \u201cLVMH MdA\u201d, with the proposed operation thus involving a transition from joint control to exclusive control. \u201cRgma Skin Services, S.L.\u201d is the holding company of a group of companies specializing in the supply, processing, tanning, and sale of high-quality lamb skins. The company \u201cLVMH MdA\u201d is a wholly-owned subsidiary of the company \u201cLVMH Mo\u00ebt Hennessy Louis Vuitton SE\u201d (LVMH SE), the holding company of the \u201cLVMH\u201d group, present in the luxury sector worldwide. Done in Rabat on May 2, 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-41217","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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