MAROC TELECOM: A Public Sale Offer with an attractive discount
- Cession by the Kingdom of Morocco of 8% of the capital of IAM, of which:
- 6% on the OTC Market at a unit price of MAD 127;
- And, 2% as part of a Public Sale Offer at a sale price varying between MAD 117.7 and MAD 125.3;
- 2019 Guidance 2019 maintained unchanged at constant scope and exchange rates, with stable sales and EBITDA compared to a year earlier, and a CAPEX of around 15% of sales (excluding frequencies and licenses)
And, an operation offering an attractive discount, oscillating between 6% and 13%, compared to MAD 132.9 observed on 06/14/2019.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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