Casablanca-Settat to assume full ownership of Lydec following government approval

The Moroccan government has authorized Société régionale multiservices Casablanca-Settat to acquire all of Veolia's shares in the Lydec company. Decree 2.24.737, signed by Nadia Fettah Alaoui, Minister of Economy and Finance, was published in the latest edition of the Official Bulletin.

In July, the French group announced in a press release that it had sold its entire stake in Lydec, acquired when Suez took control in 2022, to Société régionale multiservices Casablanca-Settat. The sale was concluded in compliance with commitments made to the Moroccan competition authorities, according to the French management company.

Lydec has been responsible for the delegated management of water, electricity, sanitation, and public lighting services in Casablanca and the surrounding region since 1997.