With UBCI, Tunisia’s Carte (Hassine Doghri) finally gets into the banking sector (€58m)

With UBCI, Tunisia’s Carte (Hassine Doghri) finally gets into the banking sector (€58m)

BNP Paribas and the Carte group signed an agreement on 28 August for the latter’s acquisition of 7,800,000 shares in Union Bancaire pour le Commerce et l’Industrie (UBCI) at a price of 23.5 dinars per share, i.e. a total value of 183.3m dinars (€57.7m).

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            ▪ With UBCI, Tunisia’s Carte (Hassine Doghri) finally gets into the banking sector (€58m)

▪ BNP Paribas and the Carte group signed an agreement on 28 August for the latter’s acquisition of 7,800,000 shares in Union Bancaire pour le Commerce et l’Industrie (UBCI) at a price of 23.5 dinars per share, i.e. a total value of 183.3m dinars (€57.7m).

https://www.jeuneafriquebusinessplus.com/en/799107/with-ubci-tunisias-carte-hassine-doghri-finally-gets-into-the-banking-sector-e58m/

30/08/2019 at 16h12, by Jeune Afrique Business+

This transaction represents 39% of UBCI’s capital. BNP Paribas, which found no buyers among foreign investors, retains a stake of 11.09%. The transaction still needs to get the green light from the authorities.

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