Bank & Insurance
Mabrouk family to spend at least $12.8m to acquire Tunisie Valeurs from Fadhel Abdelkefi

Mabrouk family to spend at least $12.8m to acquire Tunisie Valeurs from Fadhel Abdelkefi

Tunisia’s Financial Market Authority (Conseil du marché financier – CMF) has accepted the acquisition by BIAT, the country’s leading bank, of 50.47% of the capital of Tunisie Valeurs (TV), the leading stock brokerage company. Meeting on 10 March, the CMF board set the price of the sale at 18.150 dinars per share, for a total amount of 36.6 million dinars ($12.9m).

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            ▪ Mabrouk family to spend at least $12.8m to acquire Tunisie Valeurs from Fadhel Abdelkefi

▪ Tunisia’s Financial Market Authority (Conseil du marché financier – CMF) has accepted the acquisition by BIAT, the country’s leading bank, of 50.47% of the capital of Tunisie Valeurs (TV), the leading stock brokerage company. Meeting on 10 March, the CMF board set the price of the sale at 18.150 dinars per share, for a total amount of 36.6 million dinars ($12.9m).

http://www.jeuneafriquebusinessplus.com/en/803574/la-famille-mabrouk-deboursera-au-moins-115-millions-deuros-pour-acquerir-tunisie-valeurs-de-fadhel-abdelkefi/

16/03/2020 at 15h07, by Jeune Afrique Business+, updated 17/03/2020

The transaction was concluded directly between the buyer, BIAT, owned by the Mabrouk family, and the main shareholders of Tunisie Valeurs: the financial holding Integra Partners (36.44%) whose board members include the Abdelkefi family, the founder of Tunisie Valeurs; Slaheddine Caid Essebsi (6.71%), brother of the late President of the Republic Béji Caïd Essebsi; and four other shareholders who each own less than 5% of the capital.

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