Tanger Med to acquire a 35% stake in Marsa Maroc for $613m.

Tanger Med, a logistics gateway, agreed to acquire a 35% stake in Marsa Maroc, a port operator, for $613m. Tanger Med port, the main export hub for Morocco’s automotive industry, is the largest in Africa and in 2020 it outperformed Mediterranean rivals by handling 5.8m containers.