The Extraordinary General Assembly of Aluminium du Maroc, chaired by Abdeslam El Alami, convened on November 14, 2024, marking a pivotal moment in the company’s development strategy. During the meeting, shareholders unanimously approved the merger-absorption of Industube, a strategic move that solidifies the group’s position in the aluminum sector.
A key point of the meeting was the amendment of Article 11.2 of the merger agreement. This modification focused on recalculating the merger premium, which is derived from the difference between the net assets contributed by Industube, amounting to 91,794,712.38 MAD, and the book value of Industube shares held by Aluminium du Maroc, valued at 74,999,887.50 MAD. The resulting merger premium stands at 16,794,824.88 MAD. Aside from this adjustment, the rest of the merger agreement remains unchanged.
The merger’s finalization underscores Aluminium du Maroc’s commitment to enhancing its competitiveness and expanding its reach within the aluminum industry. By integrating Industube’s assets, the company strengthens its operational capacity, diversifies its portfolio, and positions itself to navigate the challenges of an ever-evolving market.
This strategic milestone reflects Aluminium du Maroc’s vision of sustainable growth and industrial synergy optimization. It is a testament to the company’s dedication to generating greater value for its shareholders while consolidating its leadership in the sector. The merger with Industube represents a major step forward, paving the way for new opportunities and further growth.
