CTM Acquires Majority Stake in Africa Morocco Link for 300 Million Dirhams

"The issue was completed under very good conditions. There were no difficulties in carrying it out, although private debt has been a bit turbulent lately. The market remains cautious but the operation went well," explains a source close to the case to Médias24.

This single-rate bond issue repayable in five years aims to finance the acquisition of 51% of the capital of Africa Morocco Link (AML) and to optimize the financing sources of the CTM group. The Greek shipowner Attica Holdings, holder of the remaining 49%, had announced at the beginning of April its intention to sell its shares to the Swedish multinational Stena Line Holding BV, it is recalled.

The same source specifies that "the Swedes and the Greeks have signed. The deal is not closed but the sale is signed and the finalization will be the next step in the coming weeks probably".