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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties.<\/p>\n
This information was prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the position of the Competition Council on the proposed transaction.<\/p>\n
The publication of this communiqu\u00e9 does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted 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 concerned:<\/strong><\/p>\n Nature of the transaction <\/strong><\/p>\n Economic sectors concerned <\/strong><\/p>\n Deadline within which interested third parties are invited to submit their observations <\/strong><\/p>\n NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES<\/strong><\/p>\n The Competition Council received notification of a proposed economic concentration involving the acquisition by the companies \u00ab Bloom Capital SARLAU \u00bb, \u00ab HK Participations SARLAU \u00bb and \u00ab SOPAFI SA \u00bb of indirect joint control of the company \u00ab Manufacture Nationale pour la R\u00e9frig\u00e9ration et l’\u00c9lectronique SA \u00bb (MANAR), from the companies \u00ab SOPAR SA \u00bb and \u00ab Groupe Karlinah SA \u00bb, through the acquisition, in two stages, of 91,20% of its share capital and the associated voting rights, through the company \u00ab\u00a0KAPSET Industries SA\u00a0\u00bb, as well as the acquisition by MANAR of the \u00ab Siera \u00bb trademark from SOPAR. At the end of the first stage, KAPSET Industries will be a shareholder of MANAR alongside the company \u00ab SOPAR SA \u00bb, which will retain a non-controlling minority stake in it until the second stage.<\/p>\n \u00ab\u00a0Bloom Capital SARLAU\u00a0\u00bb is a single-member limited liability company governed by Moroccan law, registered in the Casablanca Trade Register under number 462541, whose registered office is located at Casablanca, 10, rue D\u00e9mocrite. It is a holding company.<\/p>\n \u00ab\u00a0<\/strong>HK Participations\u00a0SARLAU\u00a0\u00bb is a single-member limited liability company governed by Moroccan law, registered in the Casablanca Trade Register under number 462619, whose registered office is located at Casablanca, 10, rue D\u00e9mocrite. It is a holding company.<\/p>\n \u00ab\u00a0SOPAFI SA\u00a0\u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 117341, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company.<\/p>\n \u00ab\u00a0KAPSET Industries SA\u00a0\u00bb is a public limited company governed by Moroccan law in the process of being incorporated, whose registered office will be located at Casablanca, 10, rue D\u00e9mocrite. It is intended to hold its shareholders\u2019 stake in the target MANAR and currently carries out no operational activity.<\/p>\n \u00ab\u00a0Manufacture Nationale pour la R\u00e9frig\u00e9ration et l’\u00c9lectronique SA \u00bb (MANAR) is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 232913, whose registered office is located at Km 8, Route Nationale n\u00b0 9, Ahl Loughlam, Casablanca. MANAR is active in the manufacture of refrigerators and freezers and in the marketing of household appliances.<\/p>\n \u00ab SOPAR SA \u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 30707, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company, owner of the \u00ab Siera \u00bb trademark, which it licenses to MANAR for use.<\/p>\n \u00ab\u00a0Groupe Karlinah SA\u00a0\u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 117125, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company.<\/p>\n Done in Rabat, on 12 novembre 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 adopted for its implementation, as amended and supplemented, the Competition Council makes available to the public the \u00ab summary of the transaction \u00bb below, containing the information provided by the parties. This information was prepared by the notifying parties, who are solely responsible for it. Any inaccurate or distorted information contained therein does not in any way prejudge the position of the Competition Council on the proposed transaction. The publication of this communiqu\u00e9 does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted 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: The direct acquirer: the company \u00ab KAPSET Industries SA \u00bb; The indirect acquirer: the company \u00ab Bloom Capital SARLAU \u00bb, the company \u00ab HK Participations SARLAU \u00bb and the company \u00ab SOPAFI SA \u00bb; The target: the company \u00ab Manufacture Nationale pour la R\u00e9frig\u00e9ration et l’\u00c9lectronique SA \u00bb. Nature of the transaction Acquisition of joint control. Economic sectors concerned Manufacture of refrigerators and freezers and marketing of household appliances. Deadline within which interested third parties are invited to submit their observations 10 days from the date of publication of this communiqu\u00e9, namely 23 novembre 2026. NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES The Competition Council received notification of a proposed economic concentration involving the acquisition by the companies \u00ab Bloom Capital SARLAU \u00bb, \u00ab HK Participations SARLAU \u00bb and \u00ab SOPAFI SA \u00bb of indirect joint control of the company \u00ab Manufacture Nationale pour la R\u00e9frig\u00e9ration et l’\u00c9lectronique SA \u00bb (MANAR), from the companies \u00ab SOPAR SA \u00bb and \u00ab Groupe Karlinah SA \u00bb, through the acquisition, in two stages, of 91,20% of its share capital and the associated voting rights, through the company \u00ab\u00a0KAPSET Industries SA\u00a0\u00bb, as well as the acquisition by MANAR of the \u00ab Siera \u00bb trademark from SOPAR. At the end of the first stage, KAPSET Industries will be a shareholder of MANAR alongside the company \u00ab SOPAR SA \u00bb, which will retain a non-controlling minority stake in it until the second stage. \u00ab\u00a0Bloom Capital SARLAU\u00a0\u00bb is a single-member limited liability company governed by Moroccan law, registered in the Casablanca Trade Register under number 462541, whose registered office is located at Casablanca, 10, rue D\u00e9mocrite. It is a holding company. \u00ab\u00a0HK Participations\u00a0SARLAU\u00a0\u00bb is a single-member limited liability company governed by Moroccan law, registered in the Casablanca Trade Register under number 462619, whose registered office is located at Casablanca, 10, rue D\u00e9mocrite. It is a holding company. \u00ab\u00a0SOPAFI SA\u00a0\u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 117341, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company. \u00ab\u00a0KAPSET Industries SA\u00a0\u00bb is a public limited company governed by Moroccan law in the process of being incorporated, whose registered office will be located at Casablanca, 10, rue D\u00e9mocrite. It is intended to hold its shareholders\u2019 stake in the target MANAR and currently carries out no operational activity. \u00ab\u00a0Manufacture Nationale pour la R\u00e9frig\u00e9ration et l’\u00c9lectronique SA \u00bb (MANAR) is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 232913, whose registered office is located at Km 8, Route Nationale n\u00b0 9, Ahl Loughlam, Casablanca. MANAR is active in the manufacture of refrigerators and freezers and in the marketing of household appliances. \u00ab SOPAR SA \u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 30707, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company, owner of the \u00ab Siera \u00bb trademark, which it licenses to MANAR for use. \u00ab\u00a0Groupe Karlinah SA\u00a0\u00bb is a public limited company governed by Moroccan law, registered in the Casablanca Trade Register under number 117125, whose registered office is located at Casablanca, 42, boulevard Abdelkrim Khattabi. It is a holding company. Done in Rabat, on 12 novembre 2026.<\/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-49681","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"\n\n
\n
\n
\n