Financial and Banking News

Capital Markets

Public Offering Of Morocco's SNI Oversubscribed Seven Times

Morocco's $2bn privatization program notched up another success at the end ofOctober when a public offering of shares in the state-controlled SocieteNationale d'Investissement (SNI) was oversubscribed seven times. Sixteen percent of the company was offered on the Casablanca stock exchange and is expectedto raise about $43mn. The public offering is being...