RLC acquired a 70.4% stake in Compagnie Marocaine (ENXTPA:CIEM) for €2.9 million in cash on December 3, 2015. Under the terms, RLC acquired 0.16 million shares in Compagnie Marocaine for €18.3 per share. Jacques Vitalis resigned as Chairman and Chief Executive of Compagnie Marocaine. Emil Veldboer became Chairman and Helene Bussieres became Chief Executive. RLC expects to launch a public tender offer at €18.3 per share for Compagnie Marocaine. RLC does not intend to delist Compagnie Marocaine.

RLC completed the acquisition of a 70.4% stake in Compagnie Marocaine (ENXTPA:CIEM) on December 3, 2015.