The Moroccan Government will sell a 35% strategic stake in the country’s national port and terminal operator.
Tanger Med will acquire the 35% share in the Société d’Exploitation des Ports, known as Marsa Maroc. The Moroccan state will retain a 25% capital share of Marsa Maroc. The price of the sale has been set to 5.48bn MAD.
“Tanger Med and Marsa Maroc, while keeping their independence, will implement a strategic partnership allowing them to develop synergies and empowering Morocco with a strong group able to meet the logistics challenges of the national economy,” said Marsa Maroc. “This partnership will also enable Moroccan industrialists, importers and exporters, with a more efficient and competitive service offering, in the context of the dynamic reconfiguration of international logistics corridors.”
Marsa Maroc is the national leader of port terminals operations. With a presence in 9 Moroccan ports including Tanger Med, its service offering includes handling, storage, port logistics services as well as services to ships.
Tanger Med is an industrial port hub encompassing Tanger Med Port 1, Passengers and Trucks Port, Tanger Med Port 2, and more than 2,000 hectares of logistics, industrial and commercial activity zones.