Moroccan royal holding firm sells stake in Cosumar to investors

Moroccan royal holding firm sells stake in Cosumar to investors

The investment arm of Morocco's royal family, SNI, sold a 24.5 pct stake in Cosumar S.A., its sole sugar supplier, to a group of local institutional investors, traders said, as it moves to divest some of its extensive holdings. Cosumar is the sole operator in Morocco's sugar industry, and the third-largest sugar producer in Africa with an installed production capacity of 1.6 million tonnes per …

Moroccan royal holding firm sells stake in Cosumar to investors

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