The Competition Council has officially received a notification regarding Akwa Africa‘s intent to purchase the entire share capital and voting rights of Total Mauritanie.
This strategic takeover follows reports from local media outlets in Mauritanie, confirming that staff members have already been briefed on the transition. Industry sources suggest the transaction is valued at approximately $185 million. This move aligns with the national energy strategy of Mauritanie, which seeks to establish robust partnerships to strengthen its domestic market.
Expanding energy footprints in West Africa
Akwa Africa, a Morocco-based investment vehicle, specializes in acquiring stakes within the sub-Saharan African energy sector. Its operations span the importation, storage, and distribution of various fuels, lubricants, and Liquefied Petroleum Gas (LPG).
On the other side of the deal, Total Mauritanie operates as a subsidiary of TotalEnergies Marketing Afrique. The company maintains a comprehensive presence across the downstream petroleum value chain within Mauritanie.