Launching on the Moroccan Exchange

On Friday, Morocco’s  bourse regulator AMMC anounced that CMGP Group won approval to launch an initial public offering on the Casablanca stock exchange. The irrigation systems firm aims to raise $110 million through this offering, which includes a capital increase and a shares sale, AMMC said in a statement. The subscription period will run from Dec. 2 to Dec. 6, it said.

REUTERS