Moroccan bourse suspends trading in lender BCP

RABAT, June 7 (Reuters) – Morocco’s stock exchange regulator on Thursday suspended trading in the country’s second-biggest lender Banque Centrale Populaire (BCP) pending an important announcement, which traders linked to a possible acquisition in Africa.

Watchdog CDVM did not give details of reasons for the suspension.

Traders in the Casablanca bourse said BCP may announce the acquisition of a stake in Ivorian lender Banque Atlantique, which has a total balance sheet of around $1.5 billion.

(Reporting by Souhail Karam; Editing by David Holmes)

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Posted on June 7, 2012, in Business, Morocco News and tagged , , . Bookmark the permalink. Leave a comment.

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