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 was 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 OF THE OPERATION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of an economic concentration operation concerning the exclusive takeover by the company \u201cReed Bidco Limited\u201d, an entity indirectly controlled by funds specialized in corporate credit and asset-backed financing, managed or advised by subsidiaries of \u201cApollo Capital Management, LP\u201d, an indirect subsidiary wholly owned by the company \u201cApollo Global Management, Inc\u201d (with its indirect subsidiaries managing investment funds, \u201cApollo\u201d), through a debt-for-equity swap in the company \u201cLecta Paper Industries Intermediate Financing S\u00e0rl\u201d.<\/p>\n \u201cReed Bidco Limited\u201d is a limited liability company under English law with its registered office in London, registered with the Companies Register under number 16984137. It is an investment vehicle created for the purpose of the proposed operation.<\/p>\n \u201cApollo Capital Management, LP\u201d is a globally growing alternative asset manager with its headquarters in New York (registered in Delaware under number 5331885). \u201cApollo Capital Management, LP\u201d offers investment management and financial planning services to individuals and institutional investors.<\/p>\n \u201cLecta Paper Industries Intermediate Financing S\u00e0rl\u201d is a limited liability company under Luxembourg law, with its registered office in Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B240830. It is a manufacturer and supplier of specialty papers for labels, flexible packaging, and other high value-added printing segments, as well as coated and uncoated papers for publishing.<\/p>\n Done in Rabat on March 5, 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 was 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 direct acquirer: \u201cReed Bidco Limited\u201d; The indirect acquirer: \u201cApollo Capital Management, LP\u201d; The target: \u201cLecta Paper Industries Intermediate Financing S\u00e0rl\u201d. Nature of the operation: Exclusive takeover. Economic sectors concerned: Production and sale of paper. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e., March 16. NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES The Competition Council received notification of an economic concentration operation concerning the exclusive takeover by the company \u201cReed Bidco Limited\u201d, an entity indirectly controlled by funds specialized in corporate credit and asset-backed financing, managed or advised by subsidiaries of \u201cApollo Capital Management, LP\u201d, an indirect subsidiary wholly owned by the company \u201cApollo Global Management, Inc\u201d (with its indirect subsidiaries managing investment funds, \u201cApollo\u201d), through a debt-for-equity swap in the company \u201cLecta Paper Industries Intermediate Financing S\u00e0rl\u201d. \u201cReed Bidco Limited\u201d is a limited liability company under English law with its registered office in London, registered with the Companies Register under number 16984137. It is an investment vehicle created for the purpose of the proposed operation. \u201cApollo Capital Management, LP\u201d is a globally growing alternative asset manager with its headquarters in New York (registered in Delaware under number 5331885). \u201cApollo Capital Management, LP\u201d offers investment management and financial planning services to individuals and institutional investors. \u201cLecta Paper Industries Intermediate Financing S\u00e0rl\u201d is a limited liability company under Luxembourg law, with its registered office in Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B240830. It is a manufacturer and supplier of specialty papers for labels, flexible packaging, and other high value-added printing segments, as well as coated and uncoated papers for publishing. Done in Rabat on March 5, 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-47102","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
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