Stocks Market
AMMC Clears Mandatory Takeover Bid for CMT at 2.217 MAD per Share
The Moroccan Capital Markets Authority (AMMC) has declared receivable the mandatory public tender offer (OPA) launched by AYRAD GROUP LIMITED, acting together with OSEAD Fund, OSEAD MAROC MINING, and the CIMR pension fund, targeting the shares of Compagnie Minière de Touissit (CMT) at a unit price of 2.217 dirhams. Although the definitive timetawaits validation by the Casablanca Stock Exchange, the AMMC has requested that trading in CMT resume on 16 September 2026. The offer was reviewed under Article 31 of Law 26-03 on public offers, following which the authority had previously ordered the suspension of CMT’s quotation.
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AMMC Declares Mandatory Takeover Bid Receivable
The Moroccan Capital Markets Authority (AMMC) announced on Wednesday, 16 September 2026 that it has declared receivable the mandatory public purchase offer (OPA) initiated by AYRAD GROUP LIMITED, in concert with OSEAD Fund, OSEAD MAROC MINING, and the CIMR (Caisse interprofessionnelle marocaine de retraites). The offer targets the shares of Compagnie Minière de Touissit (CMT) at a fixed price of 2.217 dirhams per share.
Next Steps and Market Reaction
The definitive calendar for the operation, which must first be validated by the Casablanca Stock Exchange, will be announced at a later date. In its notice of receivability, the AMMC also requested that the Bourse de Casablanca resume the quotation of CMT securities on 16 September 2026.
According to Article 31 of Law No. 26-03 governing public offers on the stock market (as amended and supplemented), the AMMC reviewed the offer. Consequently, the authority had previously asked the Casablanca Stock Exchange to suspend the trading of CMT shares while the dossier was under examination.