Naciri and Allen & Overy advise on TGGC IPO in Casablanca

The IPO of TGCC, one of the heavyweights of the Moroccan construction industry, is estimated at €58 million. It was initiated partly by the MCP fund, which acquired a stake in the company in 2018.

22/11/2021 at 09h26, by Africa Business+

Naciri & Associés, a member of the Allen & Overy network, is a suitable choice for Morocco’s first and probably only IPO of the year. Its founder, Hicham Naciri, is one of the most prominent lawyers in the market and will assist the construction group Travaux Généraux de Construction de Casablanca (TGCC), whose main shareholder is CEO Mohamed Bouzoubaa.

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