The Competition Council has announced that it has received a notification of a significant economic concentration project. “Stellantis Europe S.p.A.,” a subsidiary of the Stellantis Group, has informed the Council of its intent to acquire “Sopriam S.A.” and its subsidiary “Société Générale d’Automobiles SARL.” If approved, Stellantis will become the sole owner of the exclusive importer and distributor of Peugeot, Citroën, and DS brands in Morocco.
This operation could have substantial implications for the Moroccan automotive market, given the significant positions of the involved companies. Consequently, the Competition Council must thoroughly review this project to ensure it does not harm market competition.
Stellantis Europe S.p.A., an Italian company, is a subsidiary of the Stellantis Group, with its parent company Stellantis N.V., headquartered in the Netherlands. Stellantis is a major automotive conglomerate formed by the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA.
Sopriam S.A., a Moroccan joint-stock company owned by Al Mada, specializes in automotive distribution and spare parts. It operates as the exclusive importer and distributor of three automotive brands in Morocco: Peugeot, Citroën, and DS.
