Acquisition of Total Mauritania by Akwa authorized by the Competition Council

This decision relating to the takeover of Total Mauritania by Akwa Africa, through the acquisition of 100% of its share capital and related voting rights, was published in the Official Bulletin of Monday, January 9, 2023.

January 19, 2023 at 1:30 p.m.

Modified January 19, 2023 at 3:18 p.m.

This decision relating to the takeover of Total Mauritania by Akwa Africa, through the acquisition of 100% of its share capital and related voting rights, was published in the Official Bulletin of Monday, January 9, 2023.

The acquisition of Total Mauritania by Akwa Africa was announced a few weeks ago by the Mauritanian press, which quoted a Total union source.

Akwa Africa is an investment company incorporated under Moroccan law whose purpose is to take stakes in companies operating in sub-Saharan Africa in the import, storage, trading and distribution of fuels and lubricants, and in the import, storage, filling, trading and distribution of LPG (liquefied petroleum gas).

Total Mauritania, a company under Mauritanian law, is a subsidiary of TotalEnergies Marketing Afrique, operating in all aspects of the oil downstream.

Leave a Comment

Your email address will not be published. Required fields are marked *