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 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 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 operation concerning the joint takeover of the company \u201cBaltimar SARL\u201d by the company \u201cNama Holding SA\u201d.<\/p>\n Nama Holding is a public limited company with a share capital of 122,550,100 dirhams, registered with the Rabat Trade Register under number 59539, and headquartered at Mahaj Ryad Center, Business Building 7, 3rd<\/sup> floor, Hay Riad, Rabat. The company is an investment fund engaged in holding activities.<\/p>\n Baltimar, a Moroccan limited liability company with a capital of 90,600,000.00 Dirhams, registered with the Berrechid Trade Register under number 631, and headquartered at Caidat Soualem Cr Sahel Industrial Zone Lot 37-38 B.p. 99 – Soualem (the target). Baltimar operates in the table oil refining and marketing market and the \u201cbreakfast\u201d products market (production, trading, distribution, and marketing of spreads and Breakfast Cereals).<\/p>\n The target is currently under the control of the Tazi group through (i) DOUMALLIANCE, a Moroccan public limited company with a capital of 60,000,000 Dirhams, headquartered at Rue Nichakra Rahal No. 120 Casablanca, Morocco, registered with the Casablanca Trade Register under number 78257, (ii) RICHBOND, a Moroccan public limited company with a capital of 230,000,000 Dirhams, headquartered at 265 BD Moulay Ismail Casablanca, Morocco, registered with the Casablanca Trade Register under number 32097, (iii) SIMEC, a limited liability company with a share capital of 240,898,400 dirhams, registered with the Casablanca Trade Register under number 53697, and headquartered at 265 BD Moulay Ismail Casablanca, (iv) Mr. Karim Tazi, Moroccan citizen, (v) Mr. Nasser Tazi, Moroccan citizen, and (vi) Mr. Youssef Mehdi Slimani, Moroccan citizen.<\/p>\n Done in Rabat on February 01, 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 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 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 \u201cNama Holding SA\u201d; The target: the company \u201cBaltimar SARL\u201d. Nature of the operation Joint takeover. Economic sectors concerned Refining and marketing of table oils and \u201cbreakfast\u201d products. 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 has received notification of an economic concentration operation concerning the joint takeover of the company \u201cBaltimar SARL\u201d by the company \u201cNama Holding SA\u201d. Nama Holding is a public limited company with a share capital of 122,550,100 dirhams, registered with the Rabat Trade Register under number 59539, and headquartered at Mahaj Ryad Center, Business Building 7, 3rd floor, Hay Riad, Rabat. The company is an investment fund engaged in holding activities. Baltimar, a Moroccan limited liability company with a capital of 90,600,000.00 Dirhams, registered with the Berrechid Trade Register under number 631, and headquartered at Caidat Soualem Cr Sahel Industrial Zone Lot 37-38 B.p. 99 – Soualem (the target). Baltimar operates in the table oil refining and marketing market and the \u201cbreakfast\u201d products market (production, trading, distribution, and marketing of spreads and Breakfast Cereals). The target is currently under the control of the Tazi group through (i) DOUMALLIANCE, a Moroccan public limited company with a capital of 60,000,000 Dirhams, headquartered at Rue Nichakra Rahal No. 120 Casablanca, Morocco, registered with the Casablanca Trade Register under number 78257, (ii) RICHBOND, a Moroccan public limited company with a capital of 230,000,000 Dirhams, headquartered at 265 BD Moulay Ismail Casablanca, Morocco, registered with the Casablanca Trade Register under number 32097, (iii) SIMEC, a limited liability company with a share capital of 240,898,400 dirhams, registered with the Casablanca Trade Register under number 53697, and headquartered at 265 BD Moulay Ismail Casablanca, (iv) Mr. Karim Tazi, Moroccan citizen, (v) Mr. Nasser Tazi, Moroccan citizen, and (vi) Mr. Youssef Mehdi Slimani, Moroccan citizen. 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-41602","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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