Morocco Sells State Maritime Company to French Firm

Tuesday, May 29, 2007

According to reports, Moroccan government and public institutions Monday sold their stake in the state-run maritime transport company Comanov to French firm CMA-CGM for $269m. The sell-off, part of a privatization plan, will see Comanov, set up in 1946, fall into the hands of France's largest container shipping company. Source: Middle East Times

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