Ayrad Group Limited has agreed to buy the Luxembourg investment vehicle OSEAD in a $130m deal arranged by Attijari Finances Corp. The move changes who controls a platform linked to one of Morocco’s key mining companies.
The purchase includes OSEAD’s management arm, OSEAD Gestion SA, and its local subsidiary OSEAD Mining Maroc. Through this structure, the platform owns 37.04% of Compagnie Minière de Touissit, a company listed on the Casablanca Stock Exchange. The stake was previously held by Strategos Ventures Limited.
The deal still needs regulatory approval. Once cleared, a mandatory public offer will be launched to buy the remaining shares of Compagnie Minière de Touissit, as required when control of a listed company changes.
The timing matters. Demand for silver is rising because it is used in solar panels and electrical equipment. Compagnie Minière de Touissit is a major producer of lead and silver in North Africa. The acquisition places Ayrad Group inside the supply chain linked to the global energy transition.
The deal also connects to the Tizert copper project, where Compagnie Minière de Touissit has invested heavily. The site is expected to become one of the largest copper mines in the region. Ayrad Group gains exposure to future production once the project reaches full capacity.
The transaction was led by Idriss Berrada and a specialist team at Attijari Finances Corp. The process involved both Luxembourg and Moroccan regulations. Analysts see the move as a possible source of new funding and a longer-term strategy for the company.
Investors will watch the mandatory public offer closely. Mining shares have recently outperformed several other sectors in Casablanca. Ayrad Group’s arrival may boost trading and attract more foreign investors looking at African metals.
