VOL. XXXVIII
NO. 18
30-JANUARY-1995
Financial and Banking News
Sale Of Government Shares In Morocco's BMCE Five Times Oversubscribed
The public sale of shares in Banque Marocaine du Commerce Exterieur (BMCE)was more than five times over subscribed when the offer closed on 20 January.The public offer comprised 1.4mn government shares priced at MD325 ($37) each.Bids were received for 8mn shares, which were trading around MD340 ($39) in theweek after the offer closed. The offer was worth MD455mn...
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