Aliken made a tender offer to acquire additional 41.9% stake in Med Paper S.A. (CBSE:MDP) for MAD 23.8 million on November 15, 2017. Under the terms of the transaction, Aliken will acquire 1.1 million shares at MAD 22 per share. The members of Sefrioui family are acting in concert with Aliken holding 26.6% stake. The offer period will start from March 14, 2018 and will close on March 27, 2018. The deal is subject to Casablanca stock exchange. Minister of Economy and Finance expressed no objection for the deal. Aliken cancelled the acquisition of additional 41.9% stake in Med Paper S.A. (CBSE:MDP) on November 15, 2018.