he Competition Council published on November 12 the notification of the deal under which businessman Mohamed Hassan Bensalah, chairman of the Holmarcom group, will take sole control of Groupe Le Matin.
Carried out in his own name, the deal covers the entire capital of four holding companies, Word Publishing, Word Distribution, Word Advertising and Word Printing, which jointly control Societe Nouvelle Maroc Soir, the group’s parent company.
Groupe Le Matin publishes the dailies Le Matin and Assahra Al Maghribia, their websites and the Matin TV channel. It also sells advertising for its own outlets, runs legal notices and does printing work, school textbooks included, through its subsidiary Les Imprimeries du Matin.
The agreement was announced on October 1, with no price, and its completion remains subject to approval by the relevant authorities.
Interested third parties may send their comments to the Council until November 23.
Photo: Le360.
Conseil de la concurrence - Communiqué relatif au projet de concentration économique concernant la prise par Monsieur Mohamed Hassan Bensalah de contrôle exclusif des sociétés Word Publishing SA, Word Distribution SA, Word Advertising SA, Word Printing SA et leurs filiales
