Leading Moroccan private equity company Fipar Holdings is to raise some $230 million in a public offering sometime this year, a source close to the company told Bikyamasr.com. Reuters news agency also confirmed the source's revealing that the company, which hopes a 17 percent stake in Morocco's second largest telecom operator Medi Telecom, a 30 percent share in the company that manages Morocco's biggest port of Tangier and 20 percent of private utility firm Lydec. The source, a Medi Telecom official, told Bikyamasr.com on condition of anonymity that the company is looking to complete the public offering this year “in order to boost the company's ability to invest in the future.” It is also believe, said the source, that Fipar would like to move more into the telecommunications industry. “The liquidity, we have been told, would enable them to be able to make contributions to the IT and telecom sector in large amounts.” Another source told Reuters that the IPO may take place before the end of the third quarter. “It will be either during the second or third quarter of this year”, the source said. An official at the bourse watchdog CDVM was unable to comment or say if Fipar has already applied for the listing. Fipar is the financial affiliate of state-owned pension fund Caisse de Depot et de Gestion (CDG). “Nothing has been finalized just yet,” said an official at CDG. BM ShortURL: http://goo.gl/vLzPD Tags: Fipar Holdings, Stock Exchange Section: Business, Latest News, Morocco, Tech