CLASQUIN Acquires 63.52% Stake in TIMAR SA

March 28, 2023

CLASQUIN, through its subsidiary Financière Clasquin Euromed, completed the acquisition of 63.52% of TIMAR SA from the Puech family group at MAD 450 per share. The deal strengthens CLASQUIN's EuroMed‑Africa footprint and its Road Brokerage/RORO capabilities; a mandatory takeover bid for the remaining shares will be filed within regulatory timeframes.

Buyers
CLASQUIN, FINANCIERE CLASQUIN EUROMED
Targets
TIMAR SA
Sellers
PUECH family group
Location
Morocco
Transaction Type
Buyout

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