VOL. XLII

No. 37

13-September-1999

MOROCCO

SCP Removed From Moroccan Stock Exchange Following Merger

Societe Cherifienne des Petroles (SCP) has been removed fromthe Moroccan stock exchange following its merger with the Samir refinery into anew company called La Samir. The merger was completed on 4 August and followsthe purchase of Morocco痴 two refining companies by Corral Petroleum HoldingsAB, a Swedish-based, Saudi-owned company, in 1997 for $422mn (MEES, 12May 1997). The government privatized...