Middle East Economic Survey

VOL. XLVIII

No 21

23-May-2005

MOROCCO

Afriquia Gaz Acquires Tissir Primagaz For Dominance In LPG Market

There has been further consolidation in the Morocco LPG market with Akwa Group subsidiary Afriquia Gaz on 29 April buying 99.99% of SHV Primagaz Holding and 100% of Sodipit, thus becoming the markets new leader by controlling more than one third of the countrys LPG distribution. The transaction, the cost of which was not disclosed, gives Afriquia Gaz the remaining 50%...