Maroc Telecom confirmed it has received a letter from Morocco’s ministry of economy and finance regarding the government’s intention to sell in the coming weeks up to an 8 percent stake in the capital and voting rights of Maroc Telecom. The sale will take place through disposals of blocks of shares and a sale public offer on the Moroccan stock exchange.
Maroc Telecom and its management team are fully committed to fulfilling all required actions in connection with this process and thus contribute to the success of the transaction, the company said.
At the end of 2018, the state held 30 percent of the capital and voting rights in Maroc Telecom. Etisalat is the largest shareholder with 53 percent of the shares.
