The State will proceed to the transfer to the group Tanger Med, of a strategic participation up to 35% of the capital of Marsa Maroc, the Company of Exploitation of Ports.
This operation, which is part of the reform of the public sector, is subject to the lifting of certain regulatory conditions precedent and will be carried out on the block market, said Marsa Maroc in a press release.
The price of the operation has been fixed at 5.48 billion dirhams, and this operation will be done with coupon attached (Marsa Maroc 2020).
Thus, the State will retain a direct holding of 25% of the social capital and voting rights of Marsa Maroc.