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
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 confirm 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 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 received notification of an economic concentration operation under which the company \u201cAxway Software S.A.\u201d intends to acquire exclusive control of the company \u201cSopra Banking Software S.A.\u201d and its subsidiaries in Morocco through the acquisition of 80% of its capital and related voting rights.<\/p>\n The acquirer, \u201cAxway Software S.A.\u201d, is a French public limited company with its registered office at PAE les Glaisins, 3 rue du Pr\u00e9 Faucon Annecy-le-Vieux – 74940 – Annecy, registered with the Annecy Trade and Companies Register under number 433 977 980. The acquirer is listed on Euronext Paris. The company is active in the information technology services market.<\/p>\n The seller, \u201cSopra Steria Group\u201d, is a French public limited company with a share capital of 20,547,701 euros, whose registered office is located at PAE Les Glaisins – Annecy le Vieux – 74940 Annecy, registered with the Annecy Trade and Companies Register under number 326 820 065. The company is active in the information technology services market.<\/p>\n The target, \u201cSopra Banking Software S.A.\u201d, is a French public limited company with a capital of 161,866,820.00 euros, whose registered office is located at Les Glaisins 74940 Annecy and registered with the Annecy Trade Register under number B 450 792 999. \u201cSopra Banking Software S.A.\u201d and its subsidiaries provide application software to banks and financial institutions.<\/p>\n <\/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 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 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 confirm 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 involved: The acquirer: the company \u201cAxway Software SA\u201d; The target: the company \u201cSopra Banking Software SA\u201d. Nature of the operation Acquisition of exclusive control. Economic sectors concerned Information technology services. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e. May 13, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation under which the company \u201cAxway Software S.A.\u201d intends to acquire exclusive control of the company \u201cSopra Banking Software S.A.\u201d and its subsidiaries in Morocco through the acquisition of 80% of its capital and related voting rights. The acquirer, \u201cAxway Software S.A.\u201d, is a French public limited company with its registered office at PAE les Glaisins, 3 rue du Pr\u00e9 Faucon Annecy-le-Vieux – 74940 – Annecy, registered with the Annecy Trade and Companies Register under number 433 977 980. The acquirer is listed on Euronext Paris. The company is active in the information technology services market. The seller, \u201cSopra Steria Group\u201d, is a French public limited company with a share capital of 20,547,701 euros, whose registered office is located at PAE Les Glaisins – Annecy le Vieux – 74940 Annecy, registered with the Annecy Trade and Companies Register under number 326 820 065. The company is active in the information technology services market. The target, \u201cSopra Banking Software S.A.\u201d, is a French public limited company with a capital of 161,866,820.00 euros, whose registered office is located at Les Glaisins 74940 Annecy and registered with the Annecy Trade Register under number B 450 792 999. The target company has four subsidiaries in Morocco, \u201cSopra Banking Software Morocco\u201d, \u201cSAB Atlas\u201d, \u201cBanking Software Morocco\u201d, and \u201cSteria Medshore\u201d, all active in the information technology services market. \u201cSopra Banking Software S.A.\u201d and its subsidiaries provide application software to banks and financial institutions. 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-41221","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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\nThe target company has four subsidiaries in Morocco, \u201cSopra Banking Software Morocco\u201d, \u201cSAB Atlas\u201d, \u201cBanking Software Morocco\u201d, and \u201cSteria Medshore\u201d, all active in the information technology services market.<\/p>\n