Financial and Banking News
Morocco Sells 26% Of BMCE For $148Mn
Morocco has sold a further 26% of its share of Banque Marocaine du CommerceExterieure (BMCE) for MD1.24bn ($148mn), prompting the price of BMCE stock torise from MD360 ($43) to MD392 ($47) on the Casablanca stock exchange in lessthan a week.
Morocco's Ministry of Privatization said on 19 April that 2.6mngovernment-owned shares were sold for MD478 ($57) per share. In January, Moroccosold a...