Middle East Economic Survey

VOL. XLVIII

No 11

14-March-2005

MOROCCO

Moroccan Product Distributors Merge

Two of Moroccos petroleum product distributors on 2 March announced their merger, a move that gives the new firm about 30% of the retail market and puts it ahead of Total and Shell retailers, both of which have about 20% of the market. The company Afriquia bought Somepi in what the Moroccan media claim was a deal worth around $118mn. Combined, the new company will have estimated annual sales of...