Morocco cancels 7% stake sale of Maroc Telecom

15 Aug 2011

Reuters reports that the Moroccan government has cancelled the sale of part of its 30% stake in Maroc Telecom, the second time it has done so in less than a year. The proposed sale of a 7% stake prompted opposition parties to summon the country’s finance and economy minister to parliament for an explanation, and on Friday the finance ministry confirmed that the tender had been cancelled.

Morocco,Maroc Telecom (IAM),

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