{"id":48424,"date":"2026-08-28T09:02:57","date_gmt":"2026-08-28T09:02:57","guid":{"rendered":"https:\/\/conseil-concurrence.ma\/communique-du-conseil-de-la-concurrence-relatif-au-projet-de-concentration-economique-portant-sur-la-prise-du-controle-conjoint-par-la-societe-a-p-moller-capital-p-s-a-travers-ses-deux\/"},"modified":"2026-08-31T09:12:34","modified_gmt":"2026-08-31T09:12:34","slug":"press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/","title":{"rendered":"Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d, through its two investment vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II Holding VI Co\u00f6peratief W.A.\u201d, of the company \u201cGlobex Investissement SA\u201d, alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and related voting rights."},"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 below \u201coperation summary\u201d, 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 involved:<\/strong><\/p>\n<ul>\n<li>The acquirer: the company \u201cAPM Capital Morocco Fund\u201d;<\/li>\n<\/ul>\n<p>\u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d.<\/p>\n<ul>\n<li>The historical shareholder: \u201cGoldfin S.A\u201d.<\/li>\n<li>The target: the company \u201cGlobex Investissement SA\u201d;<\/li>\n<\/ul>\n<p><strong>Nature of the operation:<\/strong><\/p>\n<ul>\n<li>Joint control acquisition<\/li>\n<\/ul>\n<p><strong>Economic sectors concerned:<\/strong><\/p>\n<ul>\n<li>Freight transport sector.<\/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. September 9, 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 acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d (APMC), through its two vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d, of joint control of the company \u201cGlobex Investissement SA\u201d[1], alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and voting rights held by \u201cAmethis MENA Fund II S.C.A. SICAV-RAIF\u201d and \u201cGoldfin SA\u201d.<\/p>\n<p>Following the proposed operation, the company \u201cGoldfin\u201d will continue to hold a 30% stake.<\/p>\n<p>\u201cA.P. M\u00f8ller Capital P\/S\u201d is a Danish company, headquartered at Tuborg Havnevej 15, Hellerup, Denmark, registered in the Danish Business Register under number 38284967. The company is an infrastructure fund manager focused on investments in critical transport, logistics, and energy assets globally.<\/p>\n<p>\u201cAPM Capital Morocco Fund\u201d is a collective investment scheme, established as a simplified capital investment fund with its registered office at Casa Business Towers, 5th floor of the Tour Anfa Park, Office (CBT-C-51), Casablanca, Morocco, holding approval No. AG\/SDG\/02\/2025.<\/p>\n<p>\u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d is a cooperative, with its registered office at Koninginnegracht 19, 2514AB The Hague, Netherlands, registered with the Netherlands Chamber of Commerce under number 42060425.<\/p>\n<p>\u201cGlobex Investissement SA\u201d is a Moroccan joint stock company with a share capital of 10,823,600 dirhams, headquartered at 7, All\u00e9e des Lauriers, Premi\u00e8re Tranche du Parc d\u2019Activit\u00e9s Oukacha, Plateau N E 19, Building E, 3rd Floor, Ain Seba\u00e2, Casablanca, registered in the Casablanca Trade Register under number 201593.<\/p>\n<p>Globex engages in transport brokerage activities, including freight transport services, small parcel delivery, and road transport by truck.<\/p>\n<p>\u201cGoldfin S.A.\u201d is a Moroccan joint stock company with a share capital of 25,000,000 dirhams, headquartered at 23 Avenue Tariq Ibn Ziyad, Rabat, and registered in the Rabat Trade Register under number 5329. The \u201cGoldfin\u201d investment group is active in four sectors: transport &amp; logistics, security &amp; defense, pharmaceutical industry, and real estate promotion.<\/p>\n<p style=\"text-align: right;\">Done in Rabat, August 28, 2026<\/p>\n<p><a href=\"#_ftnref1\" name=\"_ftn1\">[1]<\/a>&#8211; Excluding Globex Senegal and Globex Cameroon.<\/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 below \u201coperation summary\u201d, 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 involved: The acquirer: the company \u201cAPM Capital Morocco Fund\u201d; \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d. The historical shareholder: \u201cGoldfin S.A\u201d. The target: the company \u201cGlobex Investissement SA\u201d; Nature of the operation: Joint control acquisition Economic sectors concerned: Freight transport sector. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. September 9, 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 acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d (APMC), through its two vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d, of joint control of the company \u201cGlobex Investissement SA\u201d[1], alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and voting rights held by \u201cAmethis MENA Fund II S.C.A. SICAV-RAIF\u201d and \u201cGoldfin SA\u201d. Following the proposed operation, the company \u201cGoldfin\u201d will continue to hold a 30% stake. \u201cA.P. M\u00f8ller Capital P\/S\u201d is a Danish company, headquartered at Tuborg Havnevej 15, Hellerup, Denmark, registered in the Danish Business Register under number 38284967. The company is an infrastructure fund manager focused on investments in critical transport, logistics, and energy assets globally. \u201cAPM Capital Morocco Fund\u201d is a collective investment scheme, established as a simplified capital investment fund with its registered office at Casa Business Towers, 5th floor of the Tour Anfa Park, Office (CBT-C-51), Casablanca, Morocco, holding approval No. AG\/SDG\/02\/2025. \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d is a cooperative, with its registered office at Koninginnegracht 19, 2514AB The Hague, Netherlands, registered with the Netherlands Chamber of Commerce under number 42060425. \u201cGlobex Investissement SA\u201d is a Moroccan joint stock company with a share capital of 10,823,600 dirhams, headquartered at 7, All\u00e9e des Lauriers, Premi\u00e8re Tranche du Parc d\u2019Activit\u00e9s Oukacha, Plateau N E 19, Building E, 3rd Floor, Ain Seba\u00e2, Casablanca, registered in the Casablanca Trade Register under number 201593. Globex engages in transport brokerage activities, including freight transport services, small parcel delivery, and road transport by truck. \u201cGoldfin S.A.\u201d is a Moroccan joint stock company with a share capital of 25,000,000 dirhams, headquartered at 23 Avenue Tariq Ibn Ziyad, Rabat, and registered in the Rabat Trade Register under number 5329. The \u201cGoldfin\u201d investment group is active in four sectors: transport &amp; logistics, security &amp; defense, pharmaceutical industry, and real estate promotion. Done in Rabat, August 28, 2026 [1]&#8211; Excluding Globex Senegal and Globex Cameroon.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[352],"tags":[],"class_list":["post-48424","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d, through its two investment vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II Holding VI Co\u00f6peratief W.A.\u201d, of the company \u201cGlobex Investissement SA\u201d, alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and related voting rights. - 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-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/\" \/>\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 joint control acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d, through its two investment vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II Holding VI Co\u00f6peratief W.A.\u201d, of the company \u201cGlobex Investissement SA\u201d, alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and related voting rights. - 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 below \u201coperation summary\u201d, 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 involved: The acquirer: the company \u201cAPM Capital Morocco Fund\u201d; \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d. The historical shareholder: \u201cGoldfin S.A\u201d. The target: the company \u201cGlobex Investissement SA\u201d; Nature of the operation: Joint control acquisition Economic sectors concerned: Freight transport sector. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. September 9, 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 acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d (APMC), through its two vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d, of joint control of the company \u201cGlobex Investissement SA\u201d[1], alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and voting rights held by \u201cAmethis MENA Fund II S.C.A. SICAV-RAIF\u201d and \u201cGoldfin SA\u201d. Following the proposed operation, the company \u201cGoldfin\u201d will continue to hold a 30% stake. \u201cA.P. M\u00f8ller Capital P\/S\u201d is a Danish company, headquartered at Tuborg Havnevej 15, Hellerup, Denmark, registered in the Danish Business Register under number 38284967. The company is an infrastructure fund manager focused on investments in critical transport, logistics, and energy assets globally. \u201cAPM Capital Morocco Fund\u201d is a collective investment scheme, established as a simplified capital investment fund with its registered office at Casa Business Towers, 5th floor of the Tour Anfa Park, Office (CBT-C-51), Casablanca, Morocco, holding approval No. AG\/SDG\/02\/2025. \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d is a cooperative, with its registered office at Koninginnegracht 19, 2514AB The Hague, Netherlands, registered with the Netherlands Chamber of Commerce under number 42060425. \u201cGlobex Investissement SA\u201d is a Moroccan joint stock company with a share capital of 10,823,600 dirhams, headquartered at 7, All\u00e9e des Lauriers, Premi\u00e8re Tranche du Parc d\u2019Activit\u00e9s Oukacha, Plateau N E 19, Building E, 3rd Floor, Ain Seba\u00e2, Casablanca, registered in the Casablanca Trade Register under number 201593. Globex engages in transport brokerage activities, including freight transport services, small parcel delivery, and road transport by truck. \u201cGoldfin S.A.\u201d is a Moroccan joint stock company with a share capital of 25,000,000 dirhams, headquartered at 23 Avenue Tariq Ibn Ziyad, Rabat, and registered in the Rabat Trade Register under number 5329. The \u201cGoldfin\u201d investment group is active in four sectors: transport &amp; logistics, security &amp; defense, pharmaceutical industry, and real estate promotion. Done in Rabat, August 28, 2026 [1]&#8211; Excluding Globex Senegal and Globex Cameroon.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/\" \/>\n<meta property=\"og:site_name\" content=\"Conseil de la concurrence du Maroc\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-28T09:02:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-31T09:12:34+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=\"3 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-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/en\\\/#\\\/schema\\\/person\\\/03683379dc5edfcb3044e506a05bdf1b\"},\"headline\":\"Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the company \u201cA.P. 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M\u00f8ller Capital P\/S\u201d, through its two investment vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II Holding VI Co\u00f6peratief W.A.\u201d, of the company \u201cGlobex Investissement SA\u201d, alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and related voting rights. - 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-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/","og_locale":"en_US","og_type":"article","og_title":"Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d, through its two investment vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II Holding VI Co\u00f6peratief W.A.\u201d, of the company \u201cGlobex Investissement SA\u201d, alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and related voting rights. - 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 below \u201coperation summary\u201d, 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 involved: The acquirer: the company \u201cAPM Capital Morocco Fund\u201d; \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d. The historical shareholder: \u201cGoldfin S.A\u201d. The target: the company \u201cGlobex Investissement SA\u201d; Nature of the operation: Joint control acquisition Economic sectors concerned: Freight transport sector. Deadline for interested third parties to submit their observations: 10 days from the date of publication of this press release, i.e. September 9, 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 acquisition by the company \u201cA.P. M\u00f8ller Capital P\/S\u201d (APMC), through its two vehicles \u201cAPM Capital Morocco Fund\u201d and \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d, of joint control of the company \u201cGlobex Investissement SA\u201d[1], alongside the historical shareholder the company \u201cGoldfin SA\u201d, through the acquisition of 70% of the share capital and voting rights held by \u201cAmethis MENA Fund II S.C.A. SICAV-RAIF\u201d and \u201cGoldfin SA\u201d. Following the proposed operation, the company \u201cGoldfin\u201d will continue to hold a 30% stake. \u201cA.P. M\u00f8ller Capital P\/S\u201d is a Danish company, headquartered at Tuborg Havnevej 15, Hellerup, Denmark, registered in the Danish Business Register under number 38284967. The company is an infrastructure fund manager focused on investments in critical transport, logistics, and energy assets globally. \u201cAPM Capital Morocco Fund\u201d is a collective investment scheme, established as a simplified capital investment fund with its registered office at Casa Business Towers, 5th floor of the Tour Anfa Park, Office (CBT-C-51), Casablanca, Morocco, holding approval No. AG\/SDG\/02\/2025. \u201cEMIF II HOLDING VI CO\u00d6PERATIEF W.A.\u201d is a cooperative, with its registered office at Koninginnegracht 19, 2514AB The Hague, Netherlands, registered with the Netherlands Chamber of Commerce under number 42060425. \u201cGlobex Investissement SA\u201d is a Moroccan joint stock company with a share capital of 10,823,600 dirhams, headquartered at 7, All\u00e9e des Lauriers, Premi\u00e8re Tranche du Parc d\u2019Activit\u00e9s Oukacha, Plateau N E 19, Building E, 3rd Floor, Ain Seba\u00e2, Casablanca, registered in the Casablanca Trade Register under number 201593. Globex engages in transport brokerage activities, including freight transport services, small parcel delivery, and road transport by truck. \u201cGoldfin S.A.\u201d is a Moroccan joint stock company with a share capital of 25,000,000 dirhams, headquartered at 23 Avenue Tariq Ibn Ziyad, Rabat, and registered in the Rabat Trade Register under number 5329. The \u201cGoldfin\u201d investment group is active in four sectors: transport &amp; logistics, security &amp; defense, pharmaceutical industry, and real estate promotion. Done in Rabat, August 28, 2026 [1]&#8211; Excluding Globex Senegal and Globex Cameroon.","og_url":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/","og_site_name":"Conseil de la concurrence du Maroc","article_published_time":"2026-08-28T09:02:57+00:00","article_modified_time":"2026-08-31T09:12:34+00:00","author":"Youssef OTMANE","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Youssef OTMANE","Est. reading time":"3 minutes"},"schema":{"@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-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/#article","isPartOf":{"@id":"https:\/\/conseil-concurrence.ma\/en\/press-release-from-the-competition-council-regarding-the-economic-concentration-project-concerning-the-joint-control-acquisition-by-the-company-a-p-moller-capital-p-s-through-its-t\/"},"author":{"name":"Youssef OTMANE","@id":"https:\/\/conseil-concurrence.ma\/en\/#\/schema\/person\/03683379dc5edfcb3044e506a05bdf1b"},"headline":"Press release from the Competition Council regarding the economic concentration project concerning the joint control acquisition by the company \u201cA.P. 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