CMGP Group received approval from the Moroccan Capital Markets Authority (AMMC) on November 21 for its listing on the Casablanca Stock Exchange.
The offering, valued at 1.1 billion dirhams, aims to support the company’s growth and development. It includes a public capital increase of 300 million dirhams (including the issuance premium) and a public offering of shares amounting to 800 million dirhams.
The subscription period is set from December 2 to December 6, with each share priced at 200 dirhams.
A major player in irrigation, agro supply, solar solutions, and water infrastructure in Morocco and West Africa, CMGP Group positions itself as a “One-Stop-Shop” for farmers, offering a broad portfolio of products and services to meet all client needs.
Established 30 years ago, the company operates in Morocco and four African countries—Senegal, Ivory Coast, Mauritania, and Ghana—and aims to expand further across Africa. It currently has six industrial units, 16 commercial agencies, and 24 distribution centers.
The post CMGP Group extends market reach with 1.1 billion dirhams public offering on Casablanca Stock Exchange appeared first on HESPRESS English – Morocco News.
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