Keywords: Acquisition
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,......
Sound Energy has completed the partial divestment of its Moroccan gas assets to Managem Group, a transaction valued at up to $45.2 million. This move is in line with Sound Energy’s strategy to unlock greater value from its energy projects in Morocco. Graham Lyon, Executive Chairman of Sound Energy,......
OCP Group, a leading Moroccan phosphate producer, is making strategic moves to expand its influence in the global animal feed sector. The company has submitted a proposal to Morocco's Competition Council to acquire a 75% stake in Spain’s Global Feed SLU, enhancing its control over the Spanish......
Saham Group has finalized its acquisition of Société Générale’s Moroccan banking and insurance subsidiaries, marking a significant milestone for the company and a notable return to the financial sector for its founder, Moulay Hafid Elalamy. The transaction, valued at......
The Royal Moroccan Air Force has made significant strides in strengthening its military capabilities by officially signing a contract for the acquisition of the KC-390 Millennium military transport aircraft. This milestone follows successful trial operations conducted in March and marks a pivotal moment......
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