FINANCIAL MARKET HEADLINES
| MOROCCO | LYDEC | Results of the Mandatory Take-over Bid
The results of the Mandatory Take-over Bid for Lydec shares at the initiative of VEOLIA Environnement acting in concert with SU-EZ are the following :
- Number of concerned shares : 8,000,000;
- As a % of capital: 100%;
- Number of presented shares: 3,792,887;
- As a % of capital: 47.41%;
- Number of shares¡¦ providers: 289;
- Participation rate: 47.41%.
| MOROCCO | CARTIER SAADA | Revenue up 60% during the FY from 04/01/21 to 03/31/22
For the FY from 04/01/2021 to 03/31/2022, Cartier Saada aggregate revenue shows a growth of 60.2% to MAD 235.4 Mn including MAD 221.9 Mn at export. Meanwhile, the company announces that the sharp deterioration in margins, the increase in the cost of all raw materials and in-puts, the relatively high level of depreciation, as well as an unfavorable exchange rate will have a significant impact on the income as of 03/31/2022 which should be down compared to the previous FY.
ECONOMIC HEADLINES
| GABON | INFLATION | Consumer prices up 3% y-o-y in April 2022
According to Gabon's Directorate General of Statistics, the household consumer price index increased by 0.1% in April 2022 com-pared to the previous month. On a year-on-year basis, the country's inflation rate stands at 3.0% in line with the community con-vergence threshold set by CEMAC.
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