Morocco plans IPO for port operator to fund its expansion

[RABAT] Morocco's government plans to sell shares of state-owned ports operator Marsa Maroc next year, raising cash to fund its push to establish the country as a focus for global cargo transfers, the company said.

As a first step, the finance ministry's privatisation and public enterprises department is poised to commence a tender to selected banks as it seeks advisers on the initial public offering, Marsa Maroc …