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Morocco partly privatizes fertilizer, livestock firms
Morocco, Business, 10/20/1999
Morocco announced the ceding of half of the capital of fertilizers and livestock breeding firms to private operators.
Some 51% of the capital of Fertima and 50% of that of Ranch Adarouch were ceded to private entrepreneurs, Moroccan Public Sector and Privatization Minister Rachid Filali said on Tuesday.
The move earned the State treasury $26.6 million, the minister said.
The 51% of the Fertima capital was sold to a group made up of Portuguese and Moroccan operators.
Previous Stories:
Morocco ready to cede 40% of carrier capital to private sector
(10/12/1999)
Morocco studies advantages of listing phone company in New York Stock Exchange
(10/6/1999)
Morocco takes part in world road congress
(10/5/1999)
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