2023-05-19 16:31:29
The Competition Council has been notified of a proposed concentration concerning the acquisition by the company CDG Invest SA of joint control of the company Urbam through the acquisition of 33.34% of its share capital and voting rights related thereto.
The joint control operation will be carried out through the subscription by CDG Invest SA of shares of Urbam, which is active in the field of industrial and decorative flooring applications and technical concrete, within the framework of a capital increase. of the target company, specifies a press release from the institution.
This operation will also indirectly concern the company “Le Comptoir du Béton”, a subsidiary of Urbam, specifies the same source.
As a reminder, CDG Invest, in charge of the investment branch of the Caisse de depot et de gestion, is an investor and manager of private equity funds, intervening around the major challenges of the Moroccan economy: productive diversification, regionalization, development PPPs, entrepreneurship development and sustainable development.
CDG Invest’s activities are deployed through two closed funds “Fipar-Holding” and “Nama Holding”, and two management companies “CDG Invest PME” and “CDG Invest Infrastructures”, as well as several programs including “212 Founders”, a funding and support program for innovative start-ups.
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