Friday, July 13, 2007

Moroccan property firm CGI plans $430 mln IPO

(Reuters) - Moroccan property company Compagnie Generale Immobiliere (CGI) aims to raise as much as $430 million in one of the biggest initial public offerings of recent years on the Casablanca stock market.

CGI, a subsidiary of state investment firm CDG, specialises in developing and commercialising high-profile urban development projects including apartment blocks, offices, hospitals and leisure centres.


Read more at Reuters Africa

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