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Keywords: Acquisition


Managem Expands Footprint with Acquisition of Sound Energy Morocco

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......

CTM Reinforces Multimodal Transport with 307 Million Dirham Acquisition of AML Stake

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......

Holged Expands Preschool Education Footprint with Acquisition of Kenzi Nursery

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......

Holmarcom Solidifies Dominance in Moroccan Banking Sector

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......

The Ambitious Bid: Frank McCourt's Endeavor to Transform TikTok

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,"......

US Congress Set to Review Morocco's Acquisition of MQ-9B SeaGuardian Drones

The United States Congress is set to review Morocco's request to acquire the advanced MQ-9B SeaGuardian unmanned air vehicles. According to reports from the Spanish news outlet El Periodico de Ceuta, the US legislative body will soon consider the proposed agreement, marking a pivotal moment in defense......

The UAE's TAQA Bid for Naturgy: A Strategic Move Sparking Conspiracy Theories

In a twist of geopolitical intrigue, the proposed acquisition of the Spanish energy firm Naturgy by the United Arab Emirates' TAQA has sparked a flurry of conspiracy theories in Spanish and Algerian media. Accusations of a secret agenda to gain control over Algerian gas supplies have dominated the......

CTM Acquires Majority Stake from Bank Of Africa in AML

The Compagnie de Transports au Maroc (CTM) has announced the acquisition of the majority stake of Bank Of Africa in the maritime transportation company Africa Morocco Link (AML). The effective completion of the operation is subject to obtaining approvals from the competent authorities. The transaction......

Arçelik Completes Acquisition of Whirlpool Subsidiaries in Morocco and the United Arab Emirates

The Turkish company Arçelik, parent company of Beko, has announced the completion of the acquisition of Whirlpool's subsidiaries and operations in Morocco and the United Arab Emirates. "With this acquisition, Arçelik now owns Whirlpool's entities in the United Arab Emirates......

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