A major change in ownership is underway at Compagnie Minière de Touissit (CMT) after a deal between Strategos Ventures and the Ayrad group to take indirect control of more than a third of the company.
Ayrad has agreed to buy OSEAD Fund, a Luxembourg company previously owned by Strategos Ventures. OSEAD indirectly holds 37.04% of CMT through Moroccan firm OMM. The deal is worth 130 million dollars.
The agreement also settles two legal disputes. One was between CMT and OMM over a loan from 2012. The other involved Shaba Metals and contracts signed in 2024. Both issues must be financially settled before the takeover can be completed.
The transaction is expected to close in April 2026, if normal conditions are met. After the deal, Ayrad plans to share control of the company with Caisse Interprofessionnelle Marocaine de Retraite. This joint control depends on approval of a shareholders agreement by the Competition Council.
Under the new structure, Ayrad would hold 37.04% and CIMR 16.12%. Because control of the company is changing, a mandatory public buyout offer for all shares will be launched, subject to approval by the Moroccan Capital Market Authority.
At the same time, CMT has been allowed to sign a settlement with the Foreign Exchange Office and will pay 182 million dirhams. This ends two legal cases linked to foreign payments and customs declarations.
CMT is listed on the Casablanca Stock Exchange and produces lead and zinc concentrates with high silver content. It employs more than 1,000 people. Its main operating site today is the Tighza mine in the Middle Atlas.
The buyout offer is required by Moroccan law when control of a listed company changes.
