Maroc Telecom acquired 10% of the capital of its Burkinabe subsidiary Onatel S.A. The transaction took place on the Regional Stock Exchange (BRVM) for a value of 41 million euros.
The transaction was settled at a price of 8,000 FCFA per share. The Moroccan group now holds 61% of the capital of the Burkinabe company. As a reminder, Maroc Telecom took over 51% of Onatel in December 2006 through a privatization operation in which several regional groups participated.
