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Keywords: Acquisition
Recent reports indicate Morocco may become the first Arab and African nation to acquire the F-35 stealth fighter jet. The potential $17 billion deal, which would span 45 years for procurement and maintenance, has gained momentum following renewed diplomatic engagement from Washington. The development......
TGCC (Travaux Généraux de Construction de Casablanca) has signed an agreement to acquire a 60% controlling stake in STAM (Société de Travaux Agricoles Marocains), in a deal valued at MAD 4.3 billion ($430 million). The transaction includes STAM's 55% ownership of VIAS......
The Moroccan military has acquired the Chinese-manufactured TB-001K drone, known as the "Twin-Tailed Scorpion," strengthening its aerial defense capabilities and diversifying its international defense partnerships. The TB-001K, produced by Sichuan Tengden, features impressive technical specifications......
Sonos finds itself at a crossroads, grappling with one of the most challenging periods in its history. The once-celebrated audio technology company has seen its fortunes falter, and rumors of a potential acquisition by major tech players are gaining momentum. A disastrous update derails Sonos'......
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing him of failing to disclose his acquisition of a significant stake in Twitter within the legally required timeframe. The alleged violation pertains to Musk's delay in notifying regulators after surpassing......
Moroccan mining powerhouse Managem Group has finalized the sale of its Oumejrane mining subsidiary to Purple Hedge Resources Morocco for USD 30 million. The agreement, announced on Wednesday, includes potential additional payments of over USD 2 million, subject to conditions, payable after a 12-month......
Atlas Metals Group has announced the termination of its planned acquisition of Compagnie Minière de Oumejrane (CMO), a Moroccan mining subsidiary owned by Managem. The cancellation comes after the company failed to secure the necessary funding of MAD 183 million from institutional investors within......
Morocco is set to enhance its military capabilities following the US State Department's approval of an $86 million sale of precision-guided bombs, marking another significant development in the growing defense partnership between the two nations. The approved package includes 500 GBU-39B Small Diameter......
In a recent filing with the Securities and Exchange Commission (SEC), it was revealed that President-elect Donald Trump has transferred his entire stake of 114,750,000 shares in Trump Media to his revocable trust. This move, which took place on Tuesday, has no immediate financial compensation for Trump,......
