Government to Sell up to 8% of Morocco’s Stake in Maroc Telecom

The government plans to sell, in the coming weeks, a maximum of 8% of Morocco’s stake in Maroc Telecom’s capital, the national telecommunication company said. “Maroc Telecom received a letter from the Minister of Economy and Finance concerning the intention of the Kingdom of Morocco to sell in the coming weeks a maximum share of 8% of Maroc Telecom’s capital and voting rights, through the sale of blocks of shares and a public offer for sale on the Moroccan stock market,” said Maroc Telecom in a statement. Maroc Telecom and its management team are fully mobilized to carry out all the steps incumbent upon them as part of this process and contribute to the success of the operation, added the same source.

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