TANGER MED ACQUIRES A 35% STAKE IN MARSA MAROC

The State has proceeded with the transfer of a strategic stake of 35% of the share capital of the Société d’Exploitation des Ports, known as Marsa Maroc, to the Tanger Med group.
The price of the transaction has been fixed at MAD 5.48 billion MAD including a 2020 Marsa Maroc dividend.

This initiative is in line with the High Royal Directives concerning public sector reform.

The State therefore continues its policy of supporting the various strategic sectors it has identified, particularly through the public companies it controls.

Tanger Med and Marsa Maroc, while maintaining their independence, will implement a strategic partnership that will allow them to develop sectoral synergies and the Kingdom to have a strong entity, one that is able to meet the logistical challenges of the national economy.

The new entity will therefore be able to better support Moroccan manufacturers, importers, and exporters, with a more efficient and competitive service offer, in a context of dynamic reconfiguration of international logistics corridors.