MAROC TELECOM: Announcement of the Kingdom's cession of up to 8% of its stake, in the upcoming weeks
- Reception by MAROC TELECOM of a letter from the Minister of Finance concerning the partial cession by the Moroccan State of its participation for a maximum of 8%;
- Operation to be carried out through the sale of blocks of shares and a public offer of sale on the Moroccan stock market, the terms of which have not been disclosed;
- At the end of this operation, the Moroccan State should hold 22% of the capital of the historical operator;
- Operation is part of the privatization program announced by the Government on the eve of the adoption of the 2019 Finance Bill Draft;
- Following this information, MAROC TELECOM’ shares would have been suspended on the Casablanca Stock Exchange.
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