Fipar Holding Plans $230 million IPO

Fipar Holding, a Moroccan private equity firm, is planning to raise 2 billion dirhams ($230 million) in an initial public offering on the Casablanca bourse, Reuters reported Tuesday. Fipar's assets include a 17% stake in Morocco's second biggest telecoms operator Medi Telecom, and a 30% stake in the firm managing the country's biggest port in Tangier, Reuters wrote.

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