DLA Piper advises on sale of controlling stake in Timar to the multinational group Clasquin

DLA Piper has advised the historic family group controlling Timar, a company listed on the Casablanca stock exchange, on the sale of its controlling stake to Clasquin, a multinational group listed on the French stock exchange.

Clasquin has purchased 63.52% of Timar’s share capital and the sale has been followed by public tender offer (offer publique d’achat) authorized by the stock exchange regulator. Timar is a Casablanca-based listed company, engaged in the design of innovative solutions for international transport, logistics, and customs with subsidiaries across Francophone Africa.

Clasquin specialises in freight forwarding and the overseas logistics sector. A team from DLA Piper’s Morocco office worked on the matter and was led by Christophe Bachelet, Country Managing Partner, and was assisted by senior associate Ghita Moussaid.