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.”
Sale of Carthage Cement delayed
18 January 2019Tunisia: 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.
Tunisia: Al Karama Holding, a state-owned company, has initiated a bidding process to sell its stake in Carthage Cement. The company has started a consultation process with investment banks and consultation firms to help it sell its direct and indirect stakes in BINA Group, that includes Carthage Cement, according to the African Manager website. The deadline for bids is 16 June 2017. The government owns an estimated 41% share of the cement producer.