Tunisian banks invest €26 million to save Carthage Cement
The pool of banks, which are Carthage Cement’s primary creditors, accepted to contribute a maximum of 80 million Tunisian dinars (€26 million) to the company’s 223.8 million dinar (€71.7 million) share capital increase in the event the company is unable to raise the entire amount on the stock market.
Someone shares this article with you
▪ Tunisian banks invest €26 million to save Carthage Cement
▪ The pool of banks, which are Carthage Cement’s primary creditors, accepted to contribute a maximum of 80 million Tunisian dinars (€26 million) to the company’s 223.8 million dinar (€71.7 million) share capital increase in the event the company is unable to raise the entire amount on the stock market.
▪ https://www.africabusinessplus.com/en/803045/tunisian-banks-invest-e26-million-to-save-carthage-cement/
Adel Grar, who is Al-Karama Holding’s CEO and in charge of assets seized after the country’s revolution, has already ensured Jeune Afrique Business+ that the transaction, which should be completed on 28 February, would be a success. New shares will be issued at a price of 1.2 dinars each with preferential subscription rights for existing shareholders to purchase 13 new shares for every ten shares already held.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Recommended articles
Bank
09/10/2020 at 08h54, by Gaëlle Arenson, updated 12/10/2020
Tunisia to clarify its position on WB mediation in BFT expropriation case on 12 October
Within Hicham El Mechichi’s government, several officials are not in favour of the institution’s good...
Industry
25/03/2020 at 16h48, by Africa Business+
Roadshow planned this summer in view of Carthage Cement capital buy-in
The Tunisian cement company just increased its capital by 150%, exceeding its target.
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.