VOL. XLI
No. 46
16-November-1998
MOROCCO
IFC To Invest $14.4Mn In Moroccos Settavex
The International Finance Corporation (IFC) announced on 26 Octoberthat it will invest $14.4mn in Moroccos largest integrated textile company, Settavexto assist the firm in its $46mn upgrading for higher-value added production. Of the totalinvestment, $5.4mn will be in the form of a loan with an equity component of up to $9mn.Settavex is fully owned by Tavex Algodonera, a leading European manufacturer of denim.
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