Green Light for Ayrad and CIMR to Enter CMT's Capital

Morocco's Competition Council has approved the joint takeover of Compagnie minière de Touissit (CMT) by Ayrad Group Limited and the Interprofessional Moroccan Pension Fund (CIMR). Authorized on July 13, 2026, the deal grants Ayrad an indirect 37.04% stake in CMT through the acquisition of OSEAD Fund for $130 million, while CIMR retains 16.12%. This new control structure will trigger a mandatory public buyout offer for remaining shares, pending approval from the Moroccan Capital Market Authority (AMMC). For Moroccan expats, this move strengthens mining investment in Morocco, potentially boosting employment and asset value. CMT, a lead and zinc mining company, may increase production under Ayrad's long-term development strategy. The operation also settles several legal disputes, providing corporate stability. Moroccan investors abroad should monitor this takeover bid, which could impact CMT's stock dynamics. CIMR's continued stake underscores its role as a key institutional investor. This economic concentration signals positive momentum for Morocco's mining sector attractiveness.