Clasquin announces the completion of the acquisition of 63.52% of Timar's capital and voting rights held by members of the Puech family group, at a price of 450 dirhams per share and with an asset and liability guarantee in favor of the purchaser.

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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