Moroccan Phosphate Giant OCP Expands into Eastern Europe with Romanian Venture
The Office Chérifien des Phosphates (OCP) has just obtained the approval of the Head of Government for the creation of a company in Romania, in cooperation with an Emirati group. The OCP will take a 50% stake in the South East European Fertilizer Company (SEEFCO).
According to the terms of this decision, published in the Official Bulletin on January 16, this new company will allow the OCP to expand its activities in Romania, and to use this country as a hub to expand its hegemony in Central and Eastern Europe. This is a decision that has received the approval of the OCP Board of Directors since the end of 2018.
The South East European Fertilizer Company will start with a share capital of $5 million.
Related Articles
-
Moroccan Merchants Face Economic Blow as Eid al-Adha Ritual Canceled
3 June 2025
-
Morocco Emerges as Top 10 Summer Destination for American Travelers, Google Searches Show
3 June 2025
-
Moroccan Fuel Prices Surge in June, Reversing Recent Declines
2 June 2025
-
Marrakech Tourism Surges: Moroccan Expats Drive 10% Rise in April Arrivals
1 June 2025
-
Transavia Flight Cancellations Strand French Travelers in Morocco for Days
1 June 2025