Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Tunisia : Government to sell 35.53% interest in pharmaceutical firm Adwya

Tuesday, 26 July 2016 18:43

(Ecofin Agency) - The government of Tunisia announced it is selling a 35.529% interest in Adwya. This stake corresponds to a block of shares which was re-purchased by the new government from the Princesse El Materi Holding, which was renamed El Kerema Holding and which is now the transferor in the new operation.

The transaction is opened to Tunisian and foreign companies and individuals. Interested investors can act individually or as a led-consortium. Legal entities which are insolvent, bankrupt, into receivership, liquidation or over-indebted are evidently excluded from the operation.

Adwya is one of Tunisia’s major actors of the pharmaceutical industry with a 7.7% market share. It is the leading local producer in the officinal market and the second largest local producer in the overall market (officinal and hospital).

The firm was listed in the Tunis stock market in 2007. Since the call to tender was launched, its share plunged and now cumulates a 7% loss over the seven past days. However, its stock plus-value since the beginning of the year remains positive at 14.42%.

Idriss Linge





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.