In accordance with Article 13 of Law 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 104-12 on freedom of prices and competition as amended and supplemented.<\/p>\n
Names of the companies and groups concerned:<\/strong><\/p>\n – The acquirer<\/strong>: \u201cINVICTUS INVESTMENT COMPANY PLC\u201d;<\/p>\n – The target<\/strong>: \u201cGRADERCO S.A.\u201d and its subsidiaries<\/p>\n Nature of the operation <\/strong><\/p>\n – Joint control acquisition.<\/p>\n Economic sectors concerned <\/strong><\/p>\n – Market for trading agricultural raw materials for the human and animal nutrition industry.<\/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. February 12, 2024.<\/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 concerning the joint control acquisition of the company \u201cGraderco SA\u201d (\u201cGraderco\u201d) by the company \u201cInvictus Investment Company PLC\u201d (Invictus) through the acquisition of 60% of the share capital and voting rights of \u201cGraderco\u201d. This operation will also result in the indirect control of \u201cGraderco\u201d’s subsidiaries (namely \u201cAlimaroc SA\u201d, \u201cAligrains SARLAU\u201d, and \u201cN\u00e9goce Grain Tamou SARLAU\u201d) jointly with Zalar Holding SA (\u201cZalar\u201d).<\/p>\n \u201cInvictus\u201d is registered in the \u201cAbu Dhabi Global Markets (ADGM)\u201d and listed on the \u201cAbu Dhabi Securities Exchange (ADX) Growth Market\u201d under the symbol: \u201cINVICTUS\u201d. Through its subsidiary \u201cInvictus Trading FZE\u201d, specializing in the trading of raw materials, it offers a diversified portfolio of raw materials with a complete range of services throughout the value chain (sourcing, purchasing, transportation and logistics, processing, and trading). The product range includes cereals, sugar, oilseeds, edible oils, animal nutrition products, legumes, gum arabic, and meats.<\/p>\n \u201cGraderco\u201d is a Moroccan company, a subsidiary of \u201cZalar Holding SA\u201d, specializing in trading agricultural raw materials for the animal and human nutrition industry.<\/p>\n \u201cAlimaroc\u201d is a Moroccan company, a subsidiary of \u201cGraderco\u201d, specializing in trading agricultural raw materials for the animal nutrition industry.<\/p>\n \u201cAligrains SARLAU\u201d and \u201cN\u00e9goce Grain Tamou SARLAU\u201d are Moroccan companies, subsidiaries of \u201cGraderco\u201d, with the exclusive purpose of providing storage capacities operated by \u201cGraderco\u201d and \u201cAlimaroc\u201d.<\/p>\n Done in Rabat on February 01, 2024.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" In accordance with Article 13 of Law 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 104-12 on freedom of prices and competition as amended and supplemented. Names of the companies and groups concerned: – The acquirer: \u201cINVICTUS INVESTMENT COMPANY PLC\u201d; – The target: \u201cGRADERCO S.A.\u201d and its subsidiaries Nature of the operation – Joint control acquisition. Economic sectors concerned – Market for trading agricultural raw materials for the human and animal nutrition industry. Deadline for interested third parties to submit their observations – 10 days from the date of publication of this press release, i.e. February 12, 2024. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation concerning the joint control acquisition of the company \u201cGraderco SA\u201d (\u201cGraderco\u201d) by the company \u201cInvictus Investment Company PLC\u201d (Invictus) through the acquisition of 60% of the share capital and voting rights of \u201cGraderco\u201d. This operation will also result in the indirect control of \u201cGraderco\u201d’s subsidiaries (namely \u201cAlimaroc SA\u201d, \u201cAligrains SARLAU\u201d, and \u201cN\u00e9goce Grain Tamou SARLAU\u201d) jointly with Zalar Holding SA (\u201cZalar\u201d). \u201cInvictus\u201d is registered in the \u201cAbu Dhabi Global Markets (ADGM)\u201d and listed on the \u201cAbu Dhabi Securities Exchange (ADX) Growth Market\u201d under the symbol: \u201cINVICTUS\u201d. Through its subsidiary \u201cInvictus Trading FZE\u201d, specializing in the trading of raw materials, it offers a diversified portfolio of raw materials with a complete range of services throughout the value chain (sourcing, purchasing, transportation and logistics, processing, and trading). The product range includes cereals, sugar, oilseeds, edible oils, animal nutrition products, legumes, gum arabic, and meats. \u201cGraderco\u201d is a Moroccan company, a subsidiary of \u201cZalar Holding SA\u201d, specializing in trading agricultural raw materials for the animal and human nutrition industry. \u201cAlimaroc\u201d is a Moroccan company, a subsidiary of \u201cGraderco\u201d, specializing in trading agricultural raw materials for the animal nutrition industry. \u201cAligrains SARLAU\u201d and \u201cN\u00e9goce Grain Tamou SARLAU\u201d are Moroccan companies, subsidiaries of \u201cGraderco\u201d, with the exclusive purpose of providing storage capacities operated by \u201cGraderco\u201d and \u201cAlimaroc\u201d. Done in Rabat on February 01, 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-41581","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n