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Tunisia: El Karama Holdings again sells stake in one of its firm, in tourism sector this time

Tuesday, 31 October 2017 17:43

(Ecofin Agency) - A few weeks only after selling its 99.8% stake in Goulette Shipping Cruise, Tunisian investment firm El Karama Holding decides to sell its 88.8% stake in Société Touristique Golfe (STTG).

STTG, whose shares will be sold to local and foreign investors, is a tourism development firm that exploits complexes of the Tunis-Côtes touristic area in Carthage including hotels, leisure and congress spaces.

Let’s recall that El Karama Holding, which is owned by the Tunisian State, has initiated some while ago a process to sell many of its assets. The group runs more than 50 companies through direct and indirect stakes across various sectors such as telecommunications, real estate, financial services, agriculture and education.

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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.

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