Displaying items by tag: Al Karama Holding

Tunisia: Six companies filed offers to acquire a majority stake of between 58% and 78% of Carthage Cement’s registered share capital. The group called for expressions of interest on 29 May 2020 and the deadline for receipt of tenders was 4 December 2020. It said, “The list of pre-qualified investors will be communicated once the opening and examination of the offers received have been finalised.”

Tunisia: Al Karama Holding says that that sale of a 50.5% share in Carthage Cement has been delayed following the latest round of bidding. The latest round of bids was extended to 7 December 2018 from 6 July 2018, according to local media. However, none of the pre-selected bidders were able to submit a qualifying financial offer. Some of the investors have contacted Al Karama Holding to confirm their interest in the purchase subject to certain conditions.