Clifford Chance advised Tanger Alliance on its long-term credit agreement of EUR133 million to finance part of the costs of the construction of the Container Terminal 3 (TC3) of the Tanger Med 2 port in Morocco.
The total investment for financing the construction of the project amounts to approximately EUR175 million.
The signing of the Credit Agreement took place yesterday in Casablanca, 7 January 2021, and forms part of the implementation of the financing plan of the TC3 project involving a consortium of Moroccan banks composed of the Banque Centrale Populaire group (as mandated arranger), Attijariwafa bank group (as co-arranger), Bank Of Africa group and CIH Bank.
Tanger Alliance is a subsidiary of Marsa Maroc, Contship Italia, Eurogate International and Hapag Lloyd.
The Clifford Chance team was led by Partner Mustapha Mourahib (Picture), Counsel Ouns Lemseffer and Associates Aysh Ahmed Chaudhry and Meriem Komiha.
Law Firms: Clifford Chance;
Clients: Tanger Med Group;