Morocco’s port operator plans IPO – plans expansion

Morocco plans to launch an initial public offering (IPO) for their port operator Marca Maroc. The state-owned operator is in expansion mode and is looking to add two more terminals at the Casablanca Port, and is also searching for additional opportunities in North and West Africa. Marca Maroc employs 2,000 employees and has annual revenue of 2.17 billion Dirhams ($224 million) in 2015.