The Competition Council Approves a Transaction in the Mining Sector
The Competition Council has approved the joint acquisition of **Compagnie Minière de Touissit (CMT)** by **Ayrad Group Limited** and the **Caisse Interprofessionnelle Marocaine de Retraite (CIMR)**. This decision marks a significant milestone in the evolution of the capital of this company operating in the Moroccan mining sector.
The approval was granted during the meeting of the Competition Council’s Permanent Commission, held on **July 13, 2026**, under the presidency of Ahmed Rahhou. The commission members reviewed the files submitted by the investigative services before reaching their decision.
A Transaction in Compliance with Competition Rules
Following an analysis of the operation, the Competition Council concluded that this joint acquisition was in accordance with the regulations governing economic concentrations in Morocco.
With this authorization, Ayrad Group Limited and CIMR will now be able to jointly exercise control over Compagnie Minière de Touissit. However, the authorities did not disclose the capital distribution between the two investors or the financial terms of this transaction.
A Strategic Player in the Mining Industry
Compagnie Minière de Touissit is among the companies involved in the extraction of mineral resources in Morocco. The entry of new key shareholders comes at a time when the mining sector is attracting increasing interest due to its role in industrial development and global demand for raw materials.
This operation falls within the framework of the procedures established by Moroccan legislation regarding the control of economic concentrations, which aim to maintain healthy competition in domestic markets.
The Council Continues to Review Concentration Operations
Before reviewing this case, the Permanent Commission of the Competition Council had approved the minutes of its previous meeting, held on **July 2, 2026**.
Through such decisions, the institution continues its mission of overseeing economic operations that may impact competition while ensuring compliance with transparency rules and the proper functioning of markets.
