Malaysian state car maker Proton is in talks with Moroccan authorities over the planned sale of a state stake in car assembler Somaca, a senior Finance and Privatisation Ministry official told Reuters.

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“A delegation representing Proton is holding talks with the Privatisation Department, Industry Ministry and Somaca officials over the privatisation plans of Somaca,” the official told Reuters.


A lack of buyers prevented the sale of the 38% stake in Somaca from coming on schedule last year. In an official visit in April, Malaysian Prime Minister Mahathir Mohamad visited the 43-year-old Somaca plant in Casablanca, Reuters noted.

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