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Chakib Alj moves to take over Forafric Maroc
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Chakib Alj moves to take over Forafric Maroc
Morocco's Competition Council announced Friday it had received formal notification of a proposed takeover of Forafric Maroc SA by Cap Holding SA, the industrial group run by Chakib Alj, one of Morocco's most prominent business figures.The transaction, if cleared, would give Cap Holding exclusive control of 68% of Forafric Maroc's share capital and voting rights. Interested third parties have until March 16 to submit observations to the regulator…
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