Total Maroc CSE IPO

Overview:

• Total Maroc, Total's Moroccan subsidiary, sold 15% of its share capital with its IPO on the Casablanca Stock Exchange. 
• The company sold 1.344 million shares. 
• Shares were oversubscribed 6.7 times.
• Capital Bourse, Attijariwafa bank, Banque Centrale Populaire, BMCE Capital Bourse, BMCE Bank, BMCI, BMCI Bourse, Capital Trust Securities, CDG Capital Bourse, CFG Marchés, CFG Group, Crédit Agricole du Maroc, Crédit du Maroc, Crédit du Maroc Capital, Crédit Immobilier et Hôtelier, Valoris Securities (Ex Eurobourse), ICF Al Wassit, Mena CP, M.S.I.N, Société Générale Marocaine de Banques, Upline Securities, and Wafa Bourse acted as underwriters. 
• Total is a France- based international fossil fuels company.

Rani Mehta - Journalist