Samir Refinery To Increase Capital To Finance Merger WithSCP
Morocco痴 Samir refinery announced on 22 July that it wouldincrease its capital in order to finance its planned merger with smallerrefinery Societe Cherifienne de Petroles (SCP). The company痴 capital is torise from MD1.032bn ($104mn) to MD1.189bn ($120mn) through an issue of 1.5mnshares, each of which will have a nominal value of MD100. The issue will bringtotal Samir shares to 11.8mn.
In June Samir...