Tunisia to sell six firms seized from Ben Ali and his family.
Tunisia's government plans to sell shares this year in six companies seized from the relatives of Zine al-Abidine Ben Ali after he was overthrown by a popular uprising last year, officials said on Thursday.
Source : https://www.marocafrik.com/english/Tunisia-to-sell...
Two international tenders will be held to sell state holdings in Tunisiana and Ennakil automobiles (the distributors for Porsche and Volkswagen) Slim Besbes Secretary of State for Finance. The first transaction relating to a 25 % stake in Tunisiana would take place on 27 July and the second relating to Ennakil would take place at the end of November 2012.
He said the tender would be open to all investors and investment companies but he ruled ou the participation of QTel which holds the rest of the shares in Tunisiana.
The 25 per cent share confiscated from Ben Ali's son in law were purchased by bank loans 365 million of which came from Arab Banking Corporation their repayment is set for December2012.
The remaining funds were supplied by Tunisian public banks.These debts and investments including the 3 G licence will be included in the sale. The sale will be concluded in December 2012.
The list of stakes to be sold in the coming period includes City Car Company (99%), Banque de Tunisie (13%) Carthage Cement (37%) and the International School of Carthage (100%), said Mr Besbes.
Shares in these companies were owned by Ben Ali and his family.The national committee responsible for seized funds and properties has identified 300 companies in different areas.
He said the tender would be open to all investors and investment companies but he ruled ou the participation of QTel which holds the rest of the shares in Tunisiana.
The 25 per cent share confiscated from Ben Ali's son in law were purchased by bank loans 365 million of which came from Arab Banking Corporation their repayment is set for December2012.
The remaining funds were supplied by Tunisian public banks.These debts and investments including the 3 G licence will be included in the sale. The sale will be concluded in December 2012.
The list of stakes to be sold in the coming period includes City Car Company (99%), Banque de Tunisie (13%) Carthage Cement (37%) and the International School of Carthage (100%), said Mr Besbes.
Shares in these companies were owned by Ben Ali and his family.The national committee responsible for seized funds and properties has identified 300 companies in different areas.
Source : https://www.marocafrik.com/english/Tunisia-to-sell...