Morocco’s Competition Council has officially announced the proposed joint acquisition of Nema Capital SA by Crédit du Maroc SA and Demay Group BV, marking a significant consolidation in the country’s real estate investment sector.
According to the notice made public under national competition law, the deal involves Crédit du Maroc acquiring a 50% stake in Nema Capital through a capital increase, effectively giving it joint control of the company alongside long-standing shareholder Demay Group. This strategic move is aimed at strengthening the presence of both players in the real estate asset management space.
Crédit du Maroc, a subsidiary of the Holmarcom Group and listed on the Casablanca Stock Exchange, is a full-service banking institution that caters to individuals, professionals, and businesses. Demay Group, based in Amsterdam, operates across several sectors including real estate investment, development, hospitality, and property technology.
Nema Capital, headquartered in Casablanca, specializes in managing real estate investment trusts and similar collective property investment vehicles.
The Competition Council emphasized that the information released was submitted by the parties involved and remains their responsibility. It does not reflect the Council’s stance on the transaction itself. The public has until June 30, 2025, to submit any comments or concerns regarding the proposed concentration.
