Spain’s CAM May Sell 4.6% of Morocco BMCE Bank, Expansion Says

July 8 (Bloomberg) -- Caja de Ahorros del Mediterraneo may sell its stake in Banque Marocaine du Commerce Exterieur, Expansion reported, without citing anyone.

The Spanish savings bank owns 4.61 percent of BMCE, as the lender is known, and the sale of the stake may raise between 130 million euros ($187 million) and 140 million euros, the newspaper said.

To contact the reporter on this story: Esteban Duarte in Madrid at

To contact the editor responsible for this story: Paul Armstrong at Parmstrong10@bloomberg.net.