Tanger Med to Acquire 35% State Stake in Moroccan Port Operator Marsa Maroc

This transaction to be carried out on the Casablanca Stock Exchange block market remains subject to the lifting of suspensive conditions, Marsa Maroc points out. Once the sale is completed, the State will retain a direct stake of 25% of the capital and voting rights of the port operations specialist present in 9 ports of the Kingdom and offering port handling, storage and logistics services as well as ship services.

This operation is part of the royal guidelines relating to the reform of the public sector. The State is thus pursuing its policy of supporting the various identified strategic sectors, in particular through the public companies it controls.

"Tanger Med and Marsa Maroc, while maintaining their independence, will implement a strategic partnership that will allow the latter to develop sectoral synergies and the Kingdom to have a strong set, capable of meeting the logistical challenges of the national economy," notes the same source.

The resulting set will thus be better able to support Moroccan industrialists, importers and exporters, with a more efficient and competitive service offer, in a context of dynamic reconfiguration of international logistics corridors, the document concludes.