The Moroccan government has sold its 99.49 pct stake in the state-run maritime transport company Comanov to French container shipping line CMA-CGM for 200 mln eur, the finance ministry said.
Comanov operates five lines to Europe and has a fleet of nine ferries and carries about 800,000 passengers annually.
Moroccan Finance Minister said Rabat's privatisation programme would make the 'Moroccan economy more modern, open and dynamic.'
CMA-CGM, which has been operating in Morocco for 20 years, operates five weekly container services to five European ports: Le Havre, Antwerp, Rouen, Dunkirk and Rotterdam.
Comanov operates five lines to Europe and has a fleet of nine ferries and carries about 800,000 passengers annually.
Moroccan Finance Minister said Rabat's privatisation programme would make the 'Moroccan economy more modern, open and dynamic.'
CMA-CGM, which has been operating in Morocco for 20 years, operates five weekly container services to five European ports: Le Havre, Antwerp, Rouen, Dunkirk and Rotterdam.