Alliances Developpement Immobilier SA (CBSE:ADI) agreed to acquire 74.08% stake in Entreprise Marocaine De Travaux and 95% stake in Somadiaz from Almes on June 7, 2011. Alliances Developpement Immobilier SA has raised MAD 165 million for the acquisition. Hicham Naciri and Mariam Rouissi of Gide Loyrette Nouel acted as legal advisors to Alliances Developpement Immobilier SA. Alliances Developpement Immobilier SA (CBSE:ADI) cancelled the acquisition of 74.08% stake in Entreprise Marocaine De Travaux and 95% stake in Somadiaz from Almes on June 7, 2012.