Middle East Economic Survey
VOL. XLVII
No 26
28-June-2004
REGIONAL BANKING
Vivendis Redal Obtains $250Mn Loan For Investment In Services In Moroccan Capital
Spanish-Portuguese company Redal, a subsidiary of the French conglomerate Vivendi Universal, has obtained a loan of MD2.2bn ($250mn) from a consortium of local banks to help finance a $380mn investment plan running to 2008 which will upgrade municipal services in the Moroccan capital Rabat. The project will help to bring the services up to...
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