The Casablanca Stock Exchange has officially informed Morocco's Competition Council about its intention to gain exclusive control over NT Soft SARL, a prominent Moroccan enterprise renowned for its expertise in software development and editing solutions. This significant acquisition is set to unfold in two distinct phases, commencing with the purchase of 80% of NT Soft's share capital, followed by a complete acquisition of the remaining shares in the future.
This notification regarding economic concentration has been submitted under Article 13 of Law 104-12, which governs price freedom and competition in Morocco, along with Article 10 of its implementing decree, 2-14-652. The Competition Council has categorized this transaction as an exclusive takeover within the information technology services sector, highlighting its importance in the evolving digital landscape of the nation.
NT Soft has established itself as a key player in the software industry, providing tailored solutions to various sectors including brokerage firms, insurance companies, intermediaries, pharmacies, pharmaceutical wholesalers, and legal firms. This Moroccan limited liability company is registered in Casablanca’s commercial registry and operates from its headquarters located on Boulevard Abdelmoumen in the city. Notably, NT Soft boasts an impressive track record, with 15 out of the 16 brokerage firms on the Casablanca market utilizing its systems. The company serves over 300 clients and has been active for more than 25 years across multiple domains such as finance, insurance, pharmacy, and legal services.
On the other hand, the Casablanca Stock Exchange plays a pivotal role in organizing and managing Morocco's stock market. It is responsible for operating and developing the necessary market infrastructure for the listing and trading of financial instruments. The exchange's capital is primarily held by major stakeholders including the Caisse de Dépôt et de Gestion (CDG), various banks, insurance companies, and brokerage firms, which underscores its deep-rooted connections in the financial ecosystem.
The acquisition proposal is now progressing through the established procedures in accordance with Morocco's competition regulations. Interested third parties have a ten-day window from the publication of the notice to submit their feedback, with the deadline set for September 9. It is essential to note that the Competition Council has emphasized that the publication of this notice does not confirm the completeness of the submitted documentation, nor does it indicate the regulator's stance on the proposed transaction. Furthermore, the information presented in the summary was prepared by the notifying parties, who bear full responsibility for its accuracy. This announcement was officially released in Rabat on August 28.
As reported by moroccoworldnews.com.
