Moroccan phosphate giant OCP is preparing to take full control of PwC Business Services through the acquisition of 100% of its shares and voting rights. The deal, which was recently made public, brings together two companies with very different profiles.
OCP, headquartered in Casablanca, stands as a global heavyweight in the phosphate industry. The company plays a vital role in international markets, specializing in the extraction, processing, and sale of phosphate rock, phosphoric acid, and phosphate-based fertilizers.
The target of this acquisition, PwC Business Services, also based in Casablanca, operates in a completely different arena. The firm focuses on organizational consulting, offering services to businesses looking to improve their internal operations and efficiency.
The planned takeover signals an unexpected convergence between the mining industry and the professional services sector. The primary activities involved in this transaction revolve around accounting and financial auditing, as well as legal and contractual advisory services.
