Tanger Med: Acquisition of a 35% stake in the capital of Marsa Maroc

Tanger med The State will proceed with the sale to the benefit of the Tanger Med group, of a strategic stake of up to 35% of the share capital of the Société d'Exploitation des Ports, Marsa Maroc, at a price of 5.48 billion dirhams (MMDH) Marsa Maroc 2020 coupon attached. This transaction is subject to the lifting of certain regulatory conditions precedent and will be carried out on the block market, indicates Marsa Maroc in a press release, specifying that the State will retain a direct holding of 25% of the share capital and voting rights of Marsa. Morocco.This operation falls within the framework of the High Royal Guidelines relating to the reform of the public sector, underlines the same source, adding that the State is thus continuing its policy of supporting the various identified strategic sectors, in particular through the public companies that ‘he controls.Tanger Med and Marsa Maroc, while keeping their independence, will implement a strategic partnership that will allow them to develop sectoral synergies and the Kingdom to have a strong unit, able to meet the logistical challenges of the economy. national.The set up will thus be able to better support Moroccan industrialists, importers and exporters, with a more efficient and competitive service offer, in a context of dynamic reconfiguration of international logistics corridors. Tanger Med is an industrial-port hub comprising the Tanger Med 1 port, the Passengers and Ro-Ro, the Tanger Med 2 port, and more than 2,000 ha of logistics, industrial and commercial activity zones. In 2020, Tanger Med has positioned itself as the first container port in the entire Mediterranean basin and as the second most attractive economic zone in the world according to the Financial Times. Marsa Maroc is the national leader in the operation of port terminals. Present in 9 ports of the Kingdom, it offers handling, storage and port logistics services as well as services to ships.