CTM completed the acquisition of a 51% stake in Africa Morocco Link from Bank of Africa for $30m.

CTM, a transport company in Morocco, completed the acquisition of a 51% stake in Africa Morocco Links, a marine transportation company, from Bank of Africa for $30m. “The acquisition of AML is a major step in our development and diversification strategy. We look forward to working with the AML team to make AML an even more successful player and contribute to the growth of maritime transport in Morocco,” Kamal El Mokadem, CTM Chairman.