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Keywords: Acquisition
Airbus has finalized the acquisition of Spirit AeroSystems’ Casablanca facility, marking a significant step in consolidating its global supply chain. Announced on Monday, the deal highlights Airbus’s commitment to Morocco as a “key country” for expanding its aviation manufacturing......
The European Commission has conditionally approved Abu Dhabi National Oil Company's (Adnoc) €14.7 billion acquisition of Covestro, a major German chemical manufacturer. This decision marks one of the most significant foreign takeovers of a European industrial firm by a Gulf state entity, clearing......
The Israeli spyware manufacturer NSO Group, known for its controversial Pegasus surveillance software, announced it has been acquired by a consortium of American investors led by Hollywood producer Robert Simonds. Former U.S. Ambassador to Israel David Friedman will serve as the company’s executive......
Tokyo-based investment firm Metaplanet has made waves with its acquisition of 5,419 Bitcoin, valued at approximately $632.53 million. This record-breaking transaction, executed at an average price of $116,724 per Bitcoin, marks the company’s largest single purchase to date. Metaplanet now holds......
Société Générale’s latest divestment in Africa A consortium of investors, including Enko Capital and Oronte, has finalized the acquisition of Société Générale’s Mauritanian retail banking subsidiary. Announced on Monday, this move marks......
Moroccan phosphate giant OCP SA has acquired PwC Business Services, a subsidiary of PwC Advisory Morocco, in a move that cements their long-standing collaboration. The transaction allows OCP to internalize administrative and financial support functions previously managed by the subsidiary. PwC Business......
The U.S. Department of Defense has announced a contract with Cubic Defense Acquisition Inc. to provide logistical support for the P5 Combat Training System (P5CTS), which includes participation from Morocco. Valued at approximately $400 million, the contract involves the U.S. Air Force and several partner......
Morocco is taking significant steps to modernize its military forces through the recent acquisition of the SpyX kamikaze drone from BlueBird Aero Systems, a subsidiary of Israel Aerospace Industries (IAI). This move aligns with Morocco's ongoing efforts to strengthen defense ties with Israel, particularly......
In a landmark move, Elon Musk has announced that xAI has fully acquired the social media platform X in an all-stock transaction. This acquisition values xAI at $80 billion and X at $33 billion, indicating a robust market reception. Musk emphasized that the future of both platforms is "closely linked,"......
