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26-DEC-94/2 JAN 95

Financial and Banking News

Capital Markets

More BMCE Shares Made Available Through Tender

Following the placing of 14.4% of Banque Marocaine du Commerce Exterieur (BMCE)on the Casablanca stock exchange earlier this month, the Moroccan Governmentannounced on 19 December that a further 26% of the bank's stock will beprivatized by tender. Bids will close on 6 March 1995, and in the meantimesubscriptions for the other shares will open on 16 January 1995 for...