BMCE says not in talks on a share sale
BMCE shares rose 0.6 percent on Tuesday.
September 1, 2010 1:08 by Reuters
Moroccan bank BMCE said it was not in talks to sell a stake as part of a plan to raise capital, following reports it was in talks with a Qatari bank.
“Othman Benjelloun, President of FinanceCom Group and (BMCE’s) majority shareholder denies such information,” the bank said on Wednesday. “(He) is keen to affirm that for the time being no discussion … is under way.”
BMCE shares rose 0.6 percent on Tuesday following reports in newspapers in Morocco and Middle East about talks with a Qatari bank, traders said.
(Reporting by Lamine Ghanmi; Editing by Dan Lalor)
More on GCC
-
Qatar to announce new energy infrastructure fund
-
Qatar Holding, Italy Fund Eying Versace – Paper
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
Lately on Kipp
-
Taste Of Lebanon
-
Arabtec workers: strike will continue
-
Starcom MediaVest Group Elevates Rayan Karaky to Chief Digital Officer, MENA and Emerging Markets
-
CANALI’S EXCLUSIVE “SU MISURA” EVENT FOR PERSONALIZED MENSWEAR IN THE UAE
-
Plextor launches new SSD with Stunning True Speed Performance
-
Dubai Duty Free wins DFNI Asia/Pacific Award for “Middle East Travel Retailer of the Year”
