The Moroccan Competition Council has disclosed a new concentration filing involving UM6P Ventures SA and Spotter SARL. The transaction centers on UM6P Ventures’ plan to acquire 15 percent of Spotter’s capital, granting the investor joint control over the company. The publication follows legal requirements under Law 104-12 and its implementing decree, and does not reflect any substantive position from the Council regarding the deal.
Background on UM6P Ventures
UM6P Ventures SA is a Moroccan joint stock company headquartered in Ben Guerir and registered under number 1965. The firm manages a diversified investment portfolio spanning agriculture, chemistry, green technologies, and health technologies. Its planned stake in Spotter aligns with its strategy of supporting technology-driven businesses with strong market relevance.
Background on Spotter SARL
Spotter SARL is a Casablanca-based limited liability company registered under number 488685. The company specializes in technological services for verifying the solvency of payment methods across commercial and financial environments. Its tools help institutions assess a payer’s reliability before authorizing transactions, reducing fraud and strengthening trust in digital payments.
Details of the Transaction
The operation involves UM6P Ventures acquiring 15 percent of Spotter’s capital along with voting rights that establish joint control. Although the holding is minority, the governance rights attached to it allow UM6P Ventures to participate in essential strategic decisions. This structure qualifies the deal as a concentration under Moroccan competition law and triggers the mandatory notification process.
Regulatory Framework and Review Process
The Competition Council published the non-confidential summary in accordance with article 13 of Law 104-12 and article 10 of decree 2-14-652. Interested third parties are granted ten days from November 24, 2025, to submit comments or concerns regarding the operation. The Council will assess the transaction’s impact on market competition before issuing a final decision, which may include unconditional approval, conditional approval, or rejection.
Market Context and Significance
The transaction concerns the market for technological services focused on verifying the solvency of payment instruments. This segment has become increasingly important as digital payments, e-commerce, and alternative payment methods expand across Morocco. By entering Spotter’s governance structure, UM6P Ventures may help the company scale its offerings, enhance its technology, and strengthen its competitive position.
The planned acquisition of a 15 percent stake in Spotter SARL by UM6P Ventures SA represents a significant step in Morocco’s fintech infrastructure landscape. The transaction will undergo full scrutiny from the Competition Council to ensure that market dynamics are not adversely affected. Its approval would position Spotter to accelerate growth while reinforcing confidence in payment-solvency verification technologies.