Clasquin has entered into exclusive negotiations to acquire the 63.57% of Timar's capital and voting rights held by members of the Puech family group, followed by a mandatory takeover bid for the remainder of the capital.

Timar is a Moroccan group listed in Casablanca, with its own operations in Europe, North Africa and West Africa. Timar designs solutions for international transport, logistics and freight forwarding. It has been working with Clasquin for over 30 years.

Completion of the transaction is subject to the prior authorization of the Moroccan authorities. Subject to ongoing negotiations and the lifting of conditions precedent, it is expected to take place in the first half of 2023.

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