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 \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 statement 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 received notification of a project of economic concentration operation concerning the acquisition by the company \u201cPick Albatros Holding For Financial Investments\u201d, through its subsidiary \u201cPick Hospitality SA\u201d, of assets related to the hotel property \u201cSofitel Casablanca Tour Blanche\u201d as well as the related real estate and commercial assets owned by the company \u201cRisma SA\u201d.<\/p>\n \u201cPick Albatros Holding For Financial Investments\u201d is an Egyptian company, headquartered at Heliopolis, 10 Obour Buildings Salah Salem, Cairo in Egypt, and registered in the Cairo Commercial Register under number 401630. It is active in the development and management of hotel establishments in Egypt and Morocco.<\/p>\n \u201cAlbatros Hospitality SA\u201d is a Moroccan joint-stock company, with its headquarters at R\u00e9sidence Bougainvillier, apartment 33, 4th<\/sup> floor, office no. A5, right side, Lotissement Bouizgaren, route de Safi, Marrakech, and registered in the Marrakech Commercial Register under number 178371.<\/p>\n The assets concerned include the hotel asset \u201cSofitel Casablanca Tour Blanche\u201d, including the related real estate and commercial assets, owned by the company \u201cRisma SA\u201d.<\/p>\n \u201cRisma SA\u201d is a Moroccan joint-stock company with a management board and supervisory board, headquartered at 240, Boulevard Zerktouni, 7th floor, Casablanca, and registered in the Casablanca Commercial Register under number 98309. It is a hotel operator active in the development, ownership, and operation of hotel establishments in Morocco under various international brands.<\/p>\n <\/p>\n Done in Rabat on April 9, 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 \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 statement 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 indirect acquirer: \u201cPick Albatros Holding For Financial Investments\u201d; The direct acquirer: \u201cAlbatros Hospitality SA\u201d; The target assets: The hotel asset \u201cSofitel Casablanca Tour Blanche\u201d including the related real estate and commercial assets, owned by the company \u201cRisma SA\u201d. Nature of the operation Acquisition of asset elements. Economic sectors concerned Hotel industry. Deadline for interested third parties to submit their observations 10 days from the date of publication of this statement, i.e. April 20, 2026. NON-CONFIDENTIAL SUMMARY PROVIDED BY THE PARTIES The Competition Council received notification of a project of economic concentration operation concerning the acquisition by the company \u201cPick Albatros Holding For Financial Investments\u201d, through its subsidiary \u201cPick Hospitality SA\u201d, of assets related to the hotel property \u201cSofitel Casablanca Tour Blanche\u201d as well as the related real estate and commercial assets owned by the company \u201cRisma SA\u201d. \u201cPick Albatros Holding For Financial Investments\u201d is an Egyptian company, headquartered at Heliopolis, 10 Obour Buildings Salah Salem, Cairo in Egypt, and registered in the Cairo Commercial Register under number 401630. It is active in the development and management of hotel establishments in Egypt and Morocco. \u201cAlbatros Hospitality SA\u201d is a Moroccan joint-stock company, with its headquarters at R\u00e9sidence Bougainvillier, apartment 33, 4th floor, office no. A5, right side, Lotissement Bouizgaren, route de Safi, Marrakech, and registered in the Marrakech Commercial Register under number 178371. The assets concerned include the hotel asset \u201cSofitel Casablanca Tour Blanche\u201d, including the related real estate and commercial assets, owned by the company \u201cRisma SA\u201d. \u201cRisma SA\u201d is a Moroccan joint-stock company with a management board and supervisory board, headquartered at 240, Boulevard Zerktouni, 7th floor, Casablanca, and registered in the Casablanca Commercial Register under number 98309. It is a hotel operator active in the development, ownership, and operation of hotel establishments in Morocco under various international brands. Done in Rabat on April 9, 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-46956","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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