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Keywords: Acquisition
In a highly anticipated move, the Moroccan government has officially authorized the Société Régionale Multiservices (SRM) Casablanca-Settat to acquire 100% of Veolia’s shares in the utility company Lydec S.A. This significant development was formalized through Decree 2.24.737,......
In a landmark transaction, the Moroccan government has sold its shares in the legendary Mamounia Hotel to the state-owned OCP Group for a sum of 1.7 billion dirhams ($173 million). This move signals a significant shift in ownership for Morocco's oldest and most illustrious hotel, celebrated globally......
In a potential landmark deal, Google is in advanced talks to acquire Wiz, a cybersecurity startup, for a staggering $23 billion. If finalized, this acquisition would mark the largest in Google’s history. What makes this young company so desirable? Phenomenal Growth Trajectory Wiz was founded......
Casablanca has set the stage for an automotive spectacle as the Avito Expo, the premier used car exhibition, unveiled its second edition on July 1, 2024. This unmissable event in Morocco's pre-owned vehicle market is anticipated to attract 50,000 visitors, surpassing the footfall of its inaugural......
Managem Secures Major Stake in Morocco’s Natural Gas Fields In a strategic move poised to reshape the energy landscape in Morocco, Managem, a prominent player in the mining sector, has announced the acquisition of Sound Energy Morocco, a subsidiary of the British entity Sound Energy. This acquisition......
In a financial transaction worth 307 million Moroccan dirhams, Compagnie de Transports au Maroc (CTM) has secured a 51% stake in Africa Morocco Link (AML), bolstering its position in the multimodal transport sector. CTM confirmed today, June 14, 2024, that it has acquired all the shares previously held......
The Moroccan preschool education sector is witnessing a new dynamic as Holding générale d'éducation SA (Holged) acquires Crèche jardin d'enfants Kenzi SARL. This transaction marks a significant milestone in Holged's expansion, further strengthening its investments......
In a strategic move consolidating its position in the Moroccan financial landscape, Holmarcom, the renowned conglomerate, has finalized its acquisition of Credit Agricole's entire stake in Credit du Maroc, a major banking institution in the country. This transaction grants Holmarcom an impressive......
In a bold move that has captured the attention of the tech world, Frank McCourt, the prominent American entrepreneur and former owner of the Los Angeles Dodgers, has unveiled his audacious plan to acquire the wildly popular social media platform, TikTok. This endeavor, dubbed "Project Liberty,"......
