Moroccan insurer AtlantaSanad is planning to take exclusive control of Cantor 68 as part of a transaction involving office real estate assets in Casablanca.
The proposed deal would give AtlantaSanad full control of Cantor 68, a company that mainly holds stakes in other firms and owns assets linked to the operation of office buildings.
AtlantaSanad is based in Casablanca and operates under Morocco’s insurance code. The company has capital of more than 602 million dirhams and provides a range of life and non life insurance products.
Cantor 68 is a simplified joint stock company under Moroccan law, also headquartered in Casablanca. Its main activity is holding shares in several companies and managing related assets.
The acquisition is seen as a move by AtlantaSanad to strengthen its real estate portfolio and expand its presence in Casablanca’s commercial property market.
AtlantaSanad was formed in 2020 following the merger of Atlanta Assurances and Sanad. It is a key subsidiary of Holmarcom Group, a large private group owned by the Bensalah family.
Insurance companies in Morocco commonly invest in real estate. National regulations require insurers to maintain technical reserves to ensure they can meet future claims. Office buildings are often seen as stable long term assets that can also provide steady rental income.
The deal is currently under review by the Morocco Competition Council, which must assess whether the transaction could affect competition in the market.
Cantor 68’s assets include premium office properties in major business districts such as Casablanca Finance City and Sidi Maarouf.
The planned acquisition also fits within the broader strategy of Holmarcom to diversify its investments across sectors including finance, agro industry and logistics.
