Morocco News central:  Morocco's SNI sees bumper results in 2009

Morocco's SNI sees bumper results in 2009
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redaction on 31/03/2010 07:51:11
 
This good performance, amid an unfavourable global economic situation, attests
to the company's pertinent development strategy, said Hassan Bouhemou, managing
director of the holding.
Investments carried out by the company in 2009 amounted to 5.52 billion dirhams.
They concerned in particular the redemption of 10% of Attijariwafa bank's
capital from the Spanish bank Santander, and subscription to raising Atlas
Hospitality Morocco's capital.
SNI and ONA announced last Thursday that they plan to merge.  They said in a
statement that they will delist from the Casablanca stock exchange and merge
into a unique, unlisted investment holding company.
MAP