{"id":47007,"date":"2026-03-27T08:13:02","date_gmt":"2026-03-27T08:13:02","guid":{"rendered":"https:\/\/conseil-concurrence.preprod.io\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-concernant-la-prise-par-la-societe-blackstone-inc-et-la-societe-eqt-fund-management-s-a-r-l\/"},"modified":"2026-05-21T15:01:32","modified_gmt":"2026-05-21T15:01:32","slug":"press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\/","title":{"rendered":"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries"},"content":{"rendered":"<p>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<p>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&#8217;s position on the proposed operation.<\/p>\n<p>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<p><strong>Names of the companies and groups concerned:<\/strong><\/p>\n<ul>\n<li><strong>Indirect Acquirer No. 1:<\/strong> company \u201cBlackstone Inc.\u201d;<\/li>\n<li><strong>Indirect Acquirer No. 2:<\/strong> company \u201cEQT Fund Management S.\u00e0 r.l.\u201d;<\/li>\n<li><strong>The Target:<\/strong> company \u201cUrbaser S.A.U.\u201d and its subsidiaries;<\/li>\n<\/ul>\n<p><strong>Nature of the operation<\/strong><\/p>\n<ul>\n<li>Takeover<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned<\/strong><\/p>\n<ul>\n<li>Environmental services.<\/li>\n<\/ul>\n<p><strong>Deadline for interested third parties to submit their observations<\/strong><\/p>\n<ul>\n<li>10 days from the date of publication of this press release, i.e. April 8, 2026.<\/li>\n<\/ul>\n<p><strong>NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n<p>The Competition Council has received notification of an economic concentration project consisting of the indirect joint control acquisition of 50% each of the share capital and voting rights of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries by funds advised and\/or managed by subsidiaries of the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d.<\/p>\n<p>\u201cBlackstone Inc.\u201d is a US company, headquartered in New York, United States, listed on the New York Stock Exchange (NYSE). It is a global alternative asset manager with offices worldwide.<\/p>\n<p>\u201cEQT Fund Management S.\u00e0 r.l.\u201d is a limited liability company under Luxembourg law, headquartered in Luxembourg. It is the manager of alternative investment funds of \u201cEQT Infrastructure VI\u201d, a private investment fund part of the \u201cEQT\u201d investment fund group. The \u201cEQT\u201d portfolio companies are active in various sectors and geographic regions.<\/p>\n<p>\u201cUrbaser S.A.U.\u201d is a Spanish public limited company based in Madrid, Spain. It is a provider of environmental services mainly active in municipal and commercial waste management.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: right;\">Done in Rabat on March 27, 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 concerned: Indirect Acquirer No. 1: company \u201cBlackstone Inc.\u201d; Indirect Acquirer No. 2: company \u201cEQT Fund Management S.\u00e0 r.l.\u201d; The Target: company \u201cUrbaser S.A.U.\u201d and its subsidiaries; Nature of the operation Takeover Economic sectors concerned Environmental services. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. April 8, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project consisting of the indirect joint control acquisition of 50% each of the share capital and voting rights of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries by funds advised and\/or managed by subsidiaries of the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d. \u201cBlackstone Inc.\u201d is a US company, headquartered in New York, United States, listed on the New York Stock Exchange (NYSE). It is a global alternative asset manager with offices worldwide. \u201cEQT Fund Management S.\u00e0 r.l.\u201d is a limited liability company under Luxembourg law, headquartered in Luxembourg. It is the manager of alternative investment funds of \u201cEQT Infrastructure VI\u201d, a private investment fund part of the \u201cEQT\u201d investment fund group. The \u201cEQT\u201d portfolio companies are active in various sectors and geographic regions. \u201cUrbaser S.A.U.\u201d is a Spanish public limited company based in Madrid, Spain. It is a provider of environmental services mainly active in municipal and commercial waste management. &nbsp; Done in Rabat on March 27, 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-47007","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries - Conseil de la concurrence du Maroc<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries - Conseil de la concurrence du Maroc\" \/>\n<meta property=\"og:description\" content=\"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&#8217;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 concerned: Indirect Acquirer No. 1: company \u201cBlackstone Inc.\u201d; Indirect Acquirer No. 2: company \u201cEQT Fund Management S.\u00e0 r.l.\u201d; The Target: company \u201cUrbaser S.A.U.\u201d and its subsidiaries; Nature of the operation Takeover Economic sectors concerned Environmental services. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. April 8, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project consisting of the indirect joint control acquisition of 50% each of the share capital and voting rights of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries by funds advised and\/or managed by subsidiaries of the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d. \u201cBlackstone Inc.\u201d is a US company, headquartered in New York, United States, listed on the New York Stock Exchange (NYSE). It is a global alternative asset manager with offices worldwide. \u201cEQT Fund Management S.\u00e0 r.l.\u201d is a limited liability company under Luxembourg law, headquartered in Luxembourg. It is the manager of alternative investment funds of \u201cEQT Infrastructure VI\u201d, a private investment fund part of the \u201cEQT\u201d investment fund group. The \u201cEQT\u201d portfolio companies are active in various sectors and geographic regions. \u201cUrbaser S.A.U.\u201d is a Spanish public limited company based in Madrid, Spain. It is a provider of environmental services mainly active in municipal and commercial waste management. &nbsp; Done in Rabat on March 27, 2026.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\/\" \/>\n<meta property=\"og:site_name\" content=\"Conseil de la concurrence du Maroc\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-27T08:13:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-21T15:01:32+00:00\" \/>\n<meta name=\"author\" content=\"Youssef OTMANE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Youssef OTMANE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/#\\\/schema\\\/person\\\/24b4bd1e24ccf3057c8fcb57662a0b81\"},\"headline\":\"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries\",\"datePublished\":\"2026-03-27T08:13:02+00:00\",\"dateModified\":\"2026-05-21T15:01:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/\"},\"wordCount\":418,\"commentCount\":0,\"articleSection\":[\"Press Releases\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/\",\"url\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\\\/\",\"name\":\"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries - 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Conseil de la concurrence du Maroc","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-acquisition-by-the-company-blackstone-inc-and-the-company-eqt-fund-ma\/","og_locale":"en_US","og_type":"article","og_title":"Press release from the Competition Council regarding the economic concentration project concerning the acquisition by the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d of the indirect joint control of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries - Conseil de la concurrence du Maroc","og_description":"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&#8217;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 concerned: Indirect Acquirer No. 1: company \u201cBlackstone Inc.\u201d; Indirect Acquirer No. 2: company \u201cEQT Fund Management S.\u00e0 r.l.\u201d; The Target: company \u201cUrbaser S.A.U.\u201d and its subsidiaries; Nature of the operation Takeover Economic sectors concerned Environmental services. Deadline for interested third parties to submit their observations 10 days from the date of publication of this press release, i.e. April 8, 2026. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council has received notification of an economic concentration project consisting of the indirect joint control acquisition of 50% each of the share capital and voting rights of the company \u201cUrbaser S.A.U.\u201d and its subsidiaries by funds advised and\/or managed by subsidiaries of the company \u201cBlackstone Inc.\u201d and the company \u201cEQT Fund Management S.\u00e0 r.l.\u201d. \u201cBlackstone Inc.\u201d is a US company, headquartered in New York, United States, listed on the New York Stock Exchange (NYSE). It is a global alternative asset manager with offices worldwide. \u201cEQT Fund Management S.\u00e0 r.l.\u201d is a limited liability company under Luxembourg law, headquartered in Luxembourg. It is the manager of alternative investment funds of \u201cEQT Infrastructure VI\u201d, a private investment fund part of the \u201cEQT\u201d investment fund group. The \u201cEQT\u201d portfolio companies are active in various sectors and geographic regions. \u201cUrbaser S.A.U.\u201d is a Spanish public limited company based in Madrid, Spain. 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