VOL. XLIII

No. 25

19-June-2000

MOROCCO

Moroccos ONA Group To Float 25% Of Its Mining Subsidiary Managem

Moroccos largest private conglomerate, ONA Group, announced on 8 June its intention to offer 25% of its mining company, Managem, on the Casablanca Stock Exchange. According to analysts, the public offering of 2.1mn shares at MD551 ($51.37) per share with a subscription period from 26 to 30 June will provide a boost for the stock exchange. The offering will consist of two tranches, each of...