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FINANCIAL NEWS
Morocco to sell 40 percent share in Marsa Maroc
14 Jun 2016
(MENAFN) Morocco plans to sell a 40 percent share in state-owned port operator Marsa Maroc through an initial public offering (IPO).
Marsa Maroc manages terminals at nine Moroccan ports and offers logistic services, while it seeks funds for expansion as it plans to bid for two other terminals.
Moreover, the firm has approved the issue from which the government is predicted to raise between USD 200.8mn.
Additionally, the company consists of more than 2,000 workers and annual income of USD 0.2bn in 2015.
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