Sucden and a group of Moroccan institutional investors (MCMA, MAMDA, CIMR, RCAR) entered into an agreement to acquire 30.05% stake in Cosumar SA (CBSE:CSR) from Wilmar International Limited (SGX:F34) for MAD 5.9 billion on July 30, 2023. Transaction is subject to certain conditions, including regulatory approvals, and is expected to close in the fourth quarter of 2023.

Sucden and a group of Moroccan institutional investors (MCMA, MAMDA, CIMR, RCAR) completed the acquisition of Cosumar SA (CBSE:CSR) for MAD 6 billion on November 30, 2023. Hicham Naciri, Yassir Ghorbal and Nathalie Zanardo of Naciri & Associés Allen & Overy acted as legal advisor to Cosumar SA and Mustapha Mourahib, Gilles Lebreton and Jennifer Storey of Clifford Chance Wong Pte Ltd. acted as legal advisor to Wilmar International Limited.