By its decision n°134/D/2021 of December 06, 2021, the Competition Council took action on its own initiative and opened an investigation concerning the carrying out by the company “SIKA AG” in 2019 of a concentration operation without prior notification to the Competition Council and agreement of the latter, in violation of Articles 12 and 14 of Law 104-12.
This operation concerns the acquisition by the company “SIKA AG” of 100% of the capital and voting rights of the company “Financière Dry Mix Solutions SAS”. The companies are active in the market for the manufacture and marketing of construction chemicals and mortars through their subsidiaries Sika Maroc Sa and Sodap Sa.
Sika AG is a joint-stock company under Swiss law, a world leader in the manufacture and marketing of construction chemicals, and has subsidiaries in 101 countries.
Financière Dry Mix Solutions SAS is a simplified joint-stock company under French law. It is the parent company of the Parex group which is mainly active in the production and marketing of mortar products used in the construction industry.
Meeting in plenary session on Thursday April 28, 2022, the Competition Council unanimously decided to impose on Sika AG a financial penalty in the amount of 11,670,215 dirhams in accordance with Article 19 of the law 104-12.
Sika AG has accepted the payment of this pecuniary sanction which will be transferred to the state budget.
