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FINANCIAL NEWS
Morocco to sell stake in port operator firm
17 Dec 2014
(MENAFN) Morocco’s government announced it is planning to sell its minority stake in Marsa Maroc, the state-owned port operator, which manages terminals at nine Moroccan ports and provides logistic services, Peninsula Qatar reported.
Marsa Maroc, which has a staff of more than 2.200 employees, had annual revenues of around USD243 million in 2011, the latest available data issued by the company.
The port operator, which previously said that it is seeking funds for its expansion, as it plans to bid for two other terminals at Casablanca Port, and the second phase of the Port of Tangiers Tanger Med II, also said that is planning to expand in Africa, particularly in West Africa and Maghreb.
“Last year we bid for a terminal in Abidjan Port, but our Asian partner quit before the tender’s results announcement. Government advisors will assess the company and would decide the amount to be offered,” Marsa Maroc’s head of communications said.
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