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FinancialNews


  • 02-06-19

    8 percent stake in Morocco's Maroc Telecom to be sold

    (MENAFN) Morocco's government was announced to be intending to offer up to 8 percent stake in Maroc Telecom for sale over the next few weeks.

    Maroc Telecom, a national telecommunication company, was confirmed in a statement to have "received a letter of the state" on the plan.

    According to the statement, the sale consist of the correspondent voting rights of the firm and is set to be carried out in the stock market of the country.

    In order to raise around USD800 million and slash the budget deficit, the government is looking to focus on few of its public firms under this year's state budget.

    MENAFN0206201900450000ID1098598727

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