Caisse de dépôt et de gestion

Caisse de dépôt et de gestion
صندوق الإيداع و التدبير
Investment fund
Industry Pension fund
Founded 1959
Headquarters B.P. 408 - Rabat, Avenue Moulay Hassan,
Rabat, Morocco
Key people
 Anas Houir Alami
Total assets Deposits MAD70 billion (2012)
Total equity MAD15.03 billion
Website www.cdg.ma

The Caisse de dépot et de gestion (French for Deposit and Management Fund, shortened as CDG) is a state-owned financial institution which manages long-term savings in Morocco. Given its substantial assets it also acts as a large investor in the country, especially in the tourism sector. It possesses many subsidiaries operating in various sectors of the Economy.[1]

The CDG handles in particular the savings of the RCAR (Régime Collectif d'Allocations de Retraite) and the CNRA (Caisse Nationale de Retraites et d'Assurances) pension funds which groups the retirement contributions of the employees of state-owned companies and agencies. Between 2005 and 2008, CDG gained substantially in funds when it acquired the management of the retirement savings of the OCP, the world's leading phosphate producer and exporter.[2][3] CDG is modelled after the French fund Caisse des dépôts et consignations.

History

The fund was created in 1959 by Mamoun Tahiri, it holds about 35% of public savings in Morocco.

Past CEOs

Investments

ClubMed & TUI

Starting in June 2006 CDG acquired, ia its subsidiary Fipar International, 10% of Club Med and 5% of TUI for an estimated MAD3.7 billion.[1] It additionally spent some MAD2 billion as part of development and renovation projects for Club Med's portfolio.[1] In 2010, 2012 and 2013 saw the CDG gradually cede its stocks in Cub Med which have been dwindling since 2006 and finally sold at €17.5 in 2013, they have initially acquired for €44.9/share.[4][5][6][7]

Subsidiaries

As of November 2013 the subsidiaries of CDG were:[8][9][10][11]

References

  1. 1 2 3 Mehdi Michbal. "CDG. LA descente aux enfers". Telquel (429). Archived from the original on November 3, 2012. Retrieved 26 November 2013.
  2. ↑ "Retraite: La caisse de l'OCP basculera au RCAR". L'Economiste. 18 March 2005. Retrieved 16 March 2014.
  3. ↑ "Groupe OCP Les pensions version RCAR pour fin octobre". L'Economiste. 8 October 2008. Retrieved 16 March 2014.
  4. ↑ "La CDG sort du Club Med". LNT. 26 June 2012. Retrieved 27 November 2013.
  5. ↑ Houda SIKAOUI (2 April 2012). "CDG réduit sa présence dans Club Med". Retrieved 27 November 2013.
  6. ↑ Réda HARMAK (15 June 2010). "Le deal CDG-Club Med se précise". Les Ecos. Retrieved 27 November 2013.
  7. ↑ Adam Wade (12 June 2006). "Pourquoi la CDG s'offre le Club Med". Aujourd'hui le Maroc. Retrieved 27 November 2013.
  8. ↑ "Prévoyance". Retrieved 26 November 2013.
  9. ↑ "Finance et Assurance". Retrieved 26 November 2013.
  10. ↑ "Développement territorial". Retrieved 26 November 2013.
  11. ↑ "Autres métiers". Retrieved 26 November 2013.

External links

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