The Moroccan Capital Market Authority (AMMC) has officially approved the merger prospectus for the absorption of Industube SA by Aluminium du Maroc SA, under the reference VI/EM/033/2024. This move marks a significant milestone in Aluminium du Maroc’s efforts to fortify its standing in the national market while streamlining its corporate structure.
This strategic merger, which does not require any capital increase for Aluminium du Maroc SA, aligns with the company’s goal of optimizing operational efficiency. Already a wholly owned subsidiary, Industube SA will be fully integrated into Aluminium du Maroc’s operations, allowing the company to unify resources and enhance productivity. Shareholders will have the opportunity to vote on the merger during an Extraordinary General Assembly, scheduled for November 14, 2024.
The authorized prospectus is now available for public review, with a summary to be posted on Aluminium du Maroc’s website. For full access, the complete document can also be found on the AMMC’s website (www.ammc.ma) and at Aluminium du Maroc’s headquarters.
This merger underscores Aluminium du Maroc’s commitment to maintaining high standards of transparency in its business dealings and aligning shareholder governance with Morocco’s capital market standards.
