Thursday 16 October 2014

Morocco regulator halts trading in property group CGI-source | Reuters

Morocco regulator halts trading in property group CGI-source | Reuters:



"Morocco's market watchdog CDVM has suspended trading in property developer Generale Immobiliere (CGI) after the country's king ordered an investigation into the state-run business over customer complaints, a regulatory source said on Thursday. 




"CGI asked us to suspend its trading and its request has been approved today," said the source from CDVM.



Officials CGI and from Caisse de Depot et de Gestion (CDG), Morocco's state investment vehicle which owns CGI, did not answer calls seeking comment about the trading halt or the investigations."



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