Wednesday 20 February 2008

Rothschild, Booz Naciri & Hamilton and looking into the restructuring of the Office


The transformation into a joint-stock company is expected to be completed this year. The World Bank supports the growth of the company. A first comprehensive assessment of the financial situation and options for restructuring had already been done by the firm Masnaoui Mazars & Associates and endorsed by the board of directors on 3rd October. Now it is up to Rothschild, Booz Naciri & Hamilton to organize the work and submit one of the possible restructuring schemes. There is one more advantage: should firm move towards a simple privatization, or become limited to the opening of the capital, to be extended and with what partner strategy. One thing is certain: the transformation of the legal status of the NEB is expected this year.

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