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 below “operation summary” containing 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 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 – Exclusive control acquisition.<\/p>\n Economic sectors concerned<\/strong><\/p>\n – Investment fund management for infrastructures.<\/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., April 1, 2024.<\/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 whereby the company \u201cBlackRock Funding, Inc.\u201d will acquire exclusive control of the company \u201cGlobal Infrastructure Management\u201d through the acquisition of 100% of its shares and associated voting rights.<\/p>\n The proposed operation concerns the following companies:<\/p>\n The commercial activities of the companies involved are as follows:<\/p>\n Done in Rabat on March 21, 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 below “operation summary” containing 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 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 direct acquirer: the company \u201cBlackrock Funding, Inc\u201d; The target: the company \u201cGlobal Infrastructure Management, LLC\u201d. Nature of the operation – Exclusive control acquisition. Economic sectors concerned – Investment fund management for infrastructures. Deadline for interested third parties to submit their observations – 10 days from the date of publication of this press release, i.e., April 1, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project whereby the company \u201cBlackRock Funding, Inc.\u201d will acquire exclusive control of the company \u201cGlobal Infrastructure Management\u201d through the acquisition of 100% of its shares and associated voting rights. The proposed operation concerns the following companies: The company \u201cBlackRock Funding, Inc.\u201d is ultimately controlled exclusively by the company \u201cBlackRock, Inc.\u201d; and The company \u201cGlobal Infrastructure Management\u201d is currently 100% owned by the companies \u201cGlobal Infrastructure Management Participation LLC\u201d and \u201cGlobal Infrastructure Management Participation 2 LLC\u201d, with the ultimate beneficial owners of these entities being private individuals. The commercial activities of the companies involved are as follows: The company \u201cBlackRock Funding, Inc.\u201d is a newly formed subsidiary of \u201cBlackRock\u201d with no independent activities. \u201cBlackRock\u201d is a publicly traded American company that provides investment management, risk management, and advisory services to institutional and retail clients worldwide. \u201cBlackRock\u201d manages assets for institutional and individual investors globally; and The company \u201cGlobal Infrastructure Management\u201d is an independent global infrastructure fund manager headquartered in New York, United States. Done in Rabat on March 21, 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-41405","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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