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 following \u201coperation summary\u201d 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 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 individuals involved:<\/strong><\/p>\n The parties:<\/p>\n The targets:<\/p>\n Nature of the operation:<\/strong><\/p>\n Economic sector 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 a notification of an economic concentration project concerning, on the one hand, the joint takeover of the company \u201cIssal F\u00e8s SA\u201d by the company \u201cTransdev Maroc Holding SA\u201d alongside its historical shareholder \u201cCTM SA\u201d through the acquisition of 49% of its share capital and voting rights, and, on the other hand, the creation of two joint ventures, the companies \u201cIssal Tanger\u201d and \u201cIssal T\u00e9touan\u201d.<\/p>\n \u201cTransdev Maroc Holding\u201d is a Moroccan public limited company, headquartered at Avenue Attine Mahaj Ryad Center, 5th Floor, Buildings 7 and 8, Hay Ryad, Rabat, and registered with the Rabat Trade Register under number 170223. The company is a subsidiary of the international group Transdev, specialized in public bus transport services.<\/p>\n \u201cCompagnie de Transports au Maroc (CTM) is a Moroccan public limited company, headquartered at Km 13.5, Casa Sidi Bernoussi highway, Casablanca, and registered with the Casablanca Trade Register under number 30831. The company specializes in passenger transport services by bus and courier services in Morocco and abroad.<\/p>\n \u201cIssal F\u00e8s SA\u201d is a Moroccan public limited company, headquartered at Rue Kandar, Atlas, F\u00e8s, and registered with the F\u00e8s Trade Register under number 85239. The company manages the delegated management of the public bus transport service within the perimeter of the F\u00e8s municipality, as well as neighboring municipalities.<\/p>\n The joint ventures, \u201cIssal Tanger\u201d and \u201cIssal T\u00e9touan\u201d will be established as Moroccan public limited companies, whose activities will consist, respectively, in the delegated management of the public bus transport service within the area under the jurisdiction of the Inter-municipal Cooperation Establishment (ECI) \u201cAl Boughaz\u201d and the delegated management of the public bus transport service within the urban municipality of T\u00e9touan and certain surrounding municipalities.<\/p>\n Done in Rabat, May 7, 2026<\/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 following \u201coperation summary\u201d 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 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 individuals involved: The parties: Company \u201cCompagnie de Transports au Maroc SA\u201d (CTM); Company \u201cTransdev Maroc Holding SA\u201d; The targets: Company \u201cIssal F\u00e8s SA\u201d; Company \u201cIssal Tanger SA\u201d; Company \u201cIssal T\u00e9touan SA\u201d. Nature of the operation: Joint takeover; Creation of joint ventures. Economic sector concerned: Delegated management sector of the public bus transport service. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e., May 18, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received a notification of an economic concentration project concerning, on the one hand, the joint takeover of the company \u201cIssal F\u00e8s SA\u201d by the company \u201cTransdev Maroc Holding SA\u201d alongside its historical shareholder \u201cCTM SA\u201d through the acquisition of 49% of its share capital and voting rights, and, on the other hand, the creation of two joint ventures, the companies \u201cIssal Tanger\u201d and \u201cIssal T\u00e9touan\u201d. \u201cTransdev Maroc Holding\u201d is a Moroccan public limited company, headquartered at Avenue Attine Mahaj Ryad Center, 5th Floor, Buildings 7 and 8, Hay Ryad, Rabat, and registered with the Rabat Trade Register under number 170223. The company is a subsidiary of the international group Transdev, specialized in public bus transport services. \u201cCompagnie de Transports au Maroc (CTM) is a Moroccan public limited company, headquartered at Km 13.5, Casa Sidi Bernoussi highway, Casablanca, and registered with the Casablanca Trade Register under number 30831. The company specializes in passenger transport services by bus and courier services in Morocco and abroad. \u201cIssal F\u00e8s SA\u201d is a Moroccan public limited company, headquartered at Rue Kandar, Atlas, F\u00e8s, and registered with the F\u00e8s Trade Register under number 85239. The company manages the delegated management of the public bus transport service within the perimeter of the F\u00e8s municipality, as well as neighboring municipalities. The joint ventures, \u201cIssal Tanger\u201d and \u201cIssal T\u00e9touan\u201d will be established as Moroccan public limited companies, whose activities will consist, respectively, in the delegated management of the public bus transport service within the area under the jurisdiction of the Inter-municipal Cooperation Establishment (ECI) \u201cAl Boughaz\u201d and the delegated management of the public bus transport service within the urban municipality of T\u00e9touan and certain surrounding municipalities. Done in Rabat, May 7, 2026<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-46864","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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