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Swiss insurance company increases stake in morocco's La Marocaine Vie
Morocco, Business, 7/21/1999
The Worldwide re-insurer company "SWISS RE" has increased from 5 % to 10 % its stake detained in the capital of Morocco's major insurance firm, "La Marocaine Vie." The Swiss company, which bought last week a block of 15,000 shares of "La Marocaine Vie" for around $ 57 per stake, will take the post of administrator at the Moroccan firm's managing board.
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