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Two Moroccan companies sale shares
Morocco, Business, 4/14/1999
Morocco's companies Auto-Nejma (car- distributor) and Afriquia Gas (petroleum products distributor) have decided to open their capital to the public paving the way for their entry to the Casablanca bourse.
Auto-Nejma has launched lately its IPO (initial public offering) for the selling of 20 % its capital.
Auto-Nejma, which represents DaimlerChrysler in Morocco and Daewoo automobiles, offers the 258,000 shares for 178 dh (about $ 18 ) for each bond.
Afriquia Gas also launched its IPO for the selling of 20 % of its capital, or 412,000 shares for a unit price of 185 dh ($ 19).
Previous Stories:
A 30 hectare zone near Casablanca allotted to French businessmen
(4/9/1999)
Moroccan computing and telecom show opens in Casablanca
(4/8/1999)
Morocco's leading group posts $1.6 billion in sales
(4/3/1999)
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