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Morocco's government sells its remaining 6 pct stake in BCP
April 17, 2014 / 3:31 PM / 4 years ago

Morocco's government sells its remaining 6 pct stake in BCP

RABAT, April 17 (Reuters) - Morocco’s government has sold its remaining 6 percent stake in lender Banque Populaire S.A (BCP), a statement from the finance ministry said on Thursday.

The ministry did not disclose the value of the deal but L‘Economiste newspaper said the government would raise 2 billion dirhams ($246.38 million) from the sale. ($1 = 8.1174 Moroccan Dirhams) (Reporting By Aziz El Yaakoubi; Editing by David Goodman)

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