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 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 PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council has received notification of a concentration project operation concerning the acquisition by the company \u201cMotion JVCo Limited\u201d of the exclusive control of the global lubricants business of the group \u201cBP p.l.c.\u201d (Castrol), through the acquisition of 100% of the shares and voting rights of the company \u201cCastrol Group Holdings Limited\u201d.<\/p>\n \u201cMotion JVCo Limited\u201d is a company established under Jersey law, registered under number 163042, with its registered office at the 2nd<\/sup> floor of Sir Walter Raleigh House, 48-50 Esplanade, St Helier, JE2 3QB. \u201cMotion JVCo Limited\u201d is an ad hoc entity currently 100% owned by the company \u201cStonepeak Motion HoldCo Limited\u201d, an ad hoc entity indirectly wholly owned by investment funds advised and\/or managed by subsidiaries of the company \u201cStonepeak Partners LP\u201d (together with its subsidiaries, \u201cStonepeak\u201d).<\/p>\n \u201cStonepeak\u201d is a leading alternative investment operator specializing in infrastructure and real estate assets, with approximately USD 83.6 billion in assets under management. In Morocco, the company \u201cStonepeak\u201d has limited activities through the portfolio companies it indirectly controls.<\/p>\n \u201cBP p.l.c.\u201d is a global integrated energy group, incorporated under the laws of England and Wales, registered under number 00102498, with its registered office at 1 St James’s Square, London, SW1Y 4PD.<\/p>\n \u201cCastrol Group Holdings Limited\u201d is a company incorporated under Scottish law with registration number SC005098, with its registered office at 1 Wellheads Avenue, Dyce, Aberdeen, AB21 7PB, United Kingdom. This company operates globally in the development, production, and sale of lubricants, greases, coolants, and related fluids used in a wide range of sectors, including automotive, energy, industry, and marine. In Morocco, the activity of this company is limited to lubricant sales.<\/p>\n <\/p>\n Done in Rabat on April 16, 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 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 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: \u201cMotion JVCo Limited\u201d; The target asset: The global lubricants business of the company BP p.l.c. (Castrol). The seller: The group \u201cBP p.l.c\u201d. Nature of the operation: Acquisition of exclusive control Economic sectors concerned: Lubricant sales. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. April 27, 2026. NON-CONFIDENTIAL SUMMARY PROVIDED BY THE PARTIES The Competition Council has received notification of a concentration project operation concerning the acquisition by the company \u201cMotion JVCo Limited\u201d of the exclusive control of the global lubricants business of the group \u201cBP p.l.c.\u201d (Castrol), through the acquisition of 100% of the shares and voting rights of the company \u201cCastrol Group Holdings Limited\u201d. \u201cMotion JVCo Limited\u201d is a company established under Jersey law, registered under number 163042, with its registered office at the 2nd floor of Sir Walter Raleigh House, 48-50 Esplanade, St Helier, JE2 3QB. \u201cMotion JVCo Limited\u201d is an ad hoc entity currently 100% owned by the company \u201cStonepeak Motion HoldCo Limited\u201d, an ad hoc entity indirectly wholly owned by investment funds advised and\/or managed by subsidiaries of the company \u201cStonepeak Partners LP\u201d (together with its subsidiaries, \u201cStonepeak\u201d). \u201cStonepeak\u201d is a leading alternative investment operator specializing in infrastructure and real estate assets, with approximately USD 83.6 billion in assets under management. In Morocco, the company \u201cStonepeak\u201d has limited activities through the portfolio companies it indirectly controls. \u201cBP p.l.c.\u201d is a global integrated energy group, incorporated under the laws of England and Wales, registered under number 00102498, with its registered office at 1 St James’s Square, London, SW1Y 4PD. \u201cCastrol Group Holdings Limited\u201d is a company incorporated under Scottish law with registration number SC005098, with its registered office at 1 Wellheads Avenue, Dyce, Aberdeen, AB21 7PB, United Kingdom. This company operates globally in the development, production, and sale of lubricants, greases, coolants, and related fluids used in a wide range of sectors, including automotive, energy, industry, and marine. In Morocco, the activity of this company is limited to lubricant sales. Done in Rabat on April 16, 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-46937","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
\n
\n
\n