Clasquin: takeover of Timar completed
A Moroccan group specializing in solutions for international transport, logistics and freight forwarding, Timar generated sales of around €59.8 million in 2022, and net income of around €1.12 million.
A mandatory tender offer for the remaining Timar shares listed in Casablanca will be filed with the Moroccan Capital Market Authority (AMMC) within the required timeframe. The purchase price of the offer will be determined at a later date.
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