Marsa Maroc raises questions as it becomes new subsidiary of Tanger Med
The Moroccan State is taking advantage of the financial resources of Tanger Med Port Authority (TMPA), the new public structure that now holds all the port’s terminals, to entrust it with 35% of the capital of Marsa Maroc, the main Moroccan-owned port operator, present in nine ports in the kingdom.
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▪ Marsa Maroc raises questions as it becomes new subsidiary of Tanger Med
▪ The Moroccan State is taking advantage of the financial resources of Tanger Med Port Authority (TMPA), the new public structure that now holds all the port’s terminals, to entrust it with 35% of the capital of Marsa Maroc, the main Moroccan-owned port operator, present in nine ports in the kingdom.
▪ https://www.africabusinessplus.com/en/808692/marsa-maroc-already-operator-of-tanger-med-raises-questions-as-it-becomes-a-subsidiary-of-tanger-med/
The price of the operation has been fixed at MD 5.48 billion (€517 million) in favour of the Moroccan State. In addition, the kingdom state will retain 25% of the capital and voting rights of the Société d’exploitation des ports, known in port circles as Marsa Maroc.
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