Portion of Morocco Telecom to Be Floated
2004-11-02
The president of Morocco's finance committee, Mustapha Hanine, announced that the long awaited decision to float 15 per cent of Morocco Telecom would happen on Friday (5 November). A banking source close to Morocco Telecom said the subscription period would be between 22 November and 3 December. According to Hanine, Morocco is hoping to raise up to $1 billion from the sale. (menareport.com)
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