April 12, 2024
Ferry company Africa Morocco Link gets new owners:
- Attica Holdings S.A. sells 49% to Stena Line Holding B.V.
- Bank of Africa sells 51% of its shares to Compagnie de Transports au Maroc (CTM)
Remarks
- Both Bank Of Africa and CTM, are entities belonging to O Capital Group, owned by Mr Othman Benjelloun.
- The ships Morocco Star and Highspeed 3, owned by subsidiaries of Attica Group, are included in the transaction.
- Attica: The total consideration amounts to €49m and the net profit is expected to exceed €21m.
- Competitor DFDS entered the Strait of Gibraltar market on 10 January 2024 buy acquiring FRS.
- AML was founded in 2016 by Attica Group and Bank of Africa.
Sources:
Press release CTM (in French)
