Notice of the Competition Council concerning the proposed concentration concerning the exclusive control of the company " Teal Technology Services S. A " By Company " OCP S. A ", through The remaining 51 % of the shares of social capital and rights Associated vote of the target company.


In accordance with Article 13 of Law 104-12 on the freedom of prices and competition as amended and supplemented and Article 10 of Decree No 2-14-652 adopted for its application, the Competition Council shall make available Of the public " Operation summary " Below, containing the information provided by the parties.

This information has been developed by the notifying parties, who are solely responsible for this. The incorrect or distorted information contained in it does not prejudge the position of the Competition Council on the proposed transaction.

The publication of this communiqué does not attest to the completeness of the file provided for in Article 9 of Decree No 2-14-652, taken for the purposes of Law 104-12 on freedom of price and competition.

Names of companies and groups concerned:

-Acquirer: Company " OCP S.A. "; -Target: Company " Teal Technology Services S. A ";

Nature of the operation -Exclusive control.

Relevant economic sectors

-Sectors of IT subcontracting and digital transformation.

Time limit in which interested third parties are invited to make known their comments

-10 days from the date of publication of this news release, that is February 27 2023.

Non-confidential summary of the transaction provided by the parties

The Competition Council received notification of a concentration transaction concerning the acquisition by OCP of 51 % of the share capital held by IBM in Teal Technology Services.

OCP S.A. is a Moroccan company whose head office is in Casablanca. It is active in the extraction and sale of phosphate rock, as well as in its conversion to phosphoric acid, which it sells to third parties or transforms to produce phosphate fertilizers.

Teal Technologie Services is a Moroccan company headquartered in Casablanca, Morocco. It is active in the IT subcontracting and digital transformation sectors.

 

 

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Entreprise

  • Conseil de la Concurrence
    Conseil de la Concurrence
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