PropertyEU

Martinsa-Fadesa sells 50% of Moroccan unit

By A staff reporter 2007-12-11T00:00:00

Spanish property group Martinsa-Fadesa is selling a 50% stake in its Moroccan unit, Fadesa Maroc, to the Casablanca-listed property company Addoha. The transaction will be carried out through the sale of EUR 114 mln worth of shares and will be completed by January 1, 2007.

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