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OCP–EMAPHOS: proposed takeover

Published

This dossier follows OCP SPS’s proposed EMAPHOS takeover and its regulatory review.

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View of the city of Rabat.
Rabat, 31 January 2026. Geographic archive illustration; not the meeting. CAPTAIN RAJU / Wikimedia Commons, CC0; resized. — CAPTAIN RAJU / Wikimedia Commons — CC0 https://creativecommons.org/publicdomain/zero/1.0/ ; 31 janvier 2026, redimensionnée.

Where things stand

Notification was published on 5 November 2026; the takeover remains proposed.

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Reported information

EMAPHOS: OCP SPS exclusive-control proposal is notified

The Competition Council published notification on 5 November 2026 of OCP SPS’s proposed acquisition of exclusive control over EMAPHOS.

View of the city of Rabat.
Rabat, 31 January 2026. Geographic archive illustration; not the meeting. CAPTAIN RAJU / Wikimedia Commons, CC0; resized. — CAPTAIN RAJU / Wikimedia Commons — CC0 https://creativecommons.org/publicdomain/zero/1.0/ ; 31 janvier 2026, redimensionnée.

The proposal targets Budenheim’s and Prayon’s stakes, each representing one third of the capital. The purchases would follow separate schedules: the first would give OCP exclusive control, the second full ownership.

EMAPHOS produces purified phosphoric acid at Jorf Lasfar. Notification does not establish merger clearance or completion of the acquisition.

Sources 2