VOL. XXXVIII

NO. 12

19-DECEMBER-1994

Financial and Banking News

Capital Markets

Morocco Offers 14.4% Of BMCE For Privatization

Morocco's Minister of Privatization, Mr. Abderrahman Saidi, announced on 12December that the Moroccan Government has placed 14.4% of Banque Marocaine duCommerce Exterieur (BMCE) shares on the Casablanca stock exchange, available toboth local and foreign investors. This is the second largest public shareoffering in Morocco since 16% of Societe Nationale d'Investissement...