DLA Piper advised Log's, a French group specializing in logistics solutions, regarding its acquisition of a majority stake in Timar Tanger Med (TTM), a subsidiary of the Timar group listed on the Casablanca Stock exchange.
Created in 2011 as part of the development of the Tangier port and listed on the Casablanca Stock Exchange, TTM provides logistics services for international groups as well as suppliers delivering to the Renault Tangier automobile plant. By joining forces, the two groups will benefit from Log's industrial and logistical expertise as well as TTM's international forwarding expertise and knowledge of Morocco and Africa.
This transaction led Log's to acquire three warehouses in the Tangier Med port areas and in the Tangier Free Trade Zone, an investment that allows the logistics specialist to achieve commercial and business synergy while benefiting from the dynamism of the African continent through its installation.
DLA Piper advised Log's on all legal aspects of the transaction.
The DLA Piper Corporate team in Casablanca was led by Christophe Bachelet, Country Managing Partner.