Aradei Capital S.A. (CBSE:ARD) acquired CLEO PIERRE SPI-RFA from Banque Marocaine pour le Commerce et l'Industrie (CBSE:BCI) for approximately MAD 560 million on March 19, 2021. In related transaction Banque Marocaine pour le Commerce et l'Industrie acquired shares of Aradei Capital S.A. to the tune of just under 5%. Lamiae El Abbouti, Yassir Ghorbal and Younes Maleh of Allen & Overy LLP acted as legal advisor to Banque Marocaine pour le Commerce et l'Industrie.

Aradei Capital S.A. (CBSE:ARD) completed the acquisition of CLEO PIERRE SPI-RFA from Banque Marocaine pour le Commerce et l'Industrie (CBSE:BCI) on March 19, 2021.