As part of this landmark transaction, RMPE has acquired a 20% equity stake in Granal, a subsidiary of Africorp Mining, the mining and quarrying arm of the Africorp Consortium holding company.

This strategic investment will play a key role in accelerating Granal’s 2025–2027 development plan, aimed at expanding its territorial footprint, increasing its proximity to customers, and further strengthening its support of Morocco’s infrastructure sector. The partnership will also facilitate Granal’s push toward international expansion and the vertical integration of its operations, as it looks to diversify its activities and broaden its product offering in the building materials market.

Completion of the transaction remains subject to the satisfaction of several conditions precedent, including merger control clearance.

The Asafo & Co. team advising RMPE was led by partner Patrick Larrivé who was assisted by associates Maxence Létisse, Adji Marieme Dieng, Othmane Mestari and Souhail Sassi.