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Laprophan Stock Debut
Laprophan Group is preparing to list its shares on the Casablanca Stock Exchange in an offering worth approximately 2.22 billion dirhams. The offering comprises more than 6.5 million shares priced at 341 dirhams each, with subscriptions open from November 9 to 17. Most of the proceeds will go toward financing its acquisition of Corporate Investment Holding, which owns the Polymedic laboratory, while the remainder will strengthen the group’s resources and fund its expansion. Once the offering is completed, the free float is expected to represent 37.64% of the company’s capital, with Farid Bennis retaining a 57.47% stake.
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