• Portuguese glass-packaging group BA Glass seeks approval to acquire a 41.28% controlling stake in Tunisia’s Sotuver.
• The transaction values the block at 211 million Tunisian dinars ($62 million)and forms part of a strategic shareholder review.
• The Tunisian regulator suspended Sotuver’s stock trading on March 12pending review of the deal.

Portuguese glass-packaging manufacturer BA Glasshas asked Tunisia’s capital-markets regulator to authorize its acquisition of a controlling stake in Société Tunisienne de Verreries (Sotuver), a Tunisian glass producer listed on the Tunis Stock Exchange.

B.A Glass B.V., a subsidiary of BA Glass, submitted the request to the Financial Market Council (CMF)on March 10. The request concerns the purchase of 16,204,636 shares, representing 41.28% of Sotuver’s capital, at a price of 13.020 Tunisian dinars per share (about $4), the regulator said in a statement.

The deal would value the controlling block at around 211 million Tunisian dinars ($62 million). Several shareholders plan to sell the shares to the European glass group. These include Compagnie Financière d’Investissement, Tunisienne d’Assurance Lloyd Tunisien, Société Indinvest, and Lloyd Vie.

The parties previously signed a share-sale agreement on December 16, 2025, according to Sotuver. The company said the transaction forms part of a strategic review of its shareholder structure aimed at supporting future growth.

The CMF expects to authorize the transaction in the coming weeks. Meanwhile, the regulator said it suspended trading in Sotuver shares from March 12, 2026, pending further developments regarding the deal.

Founded in 1963 by the Tunisian state, Sotuver operates two glass-manufacturing plantscapable of producing 630 tons of glass packaging per day. The company exports its products to more than 30 countries, supplying containers to food and beverage manufacturers.

BA Glass ranks among Europe’s leading glass-packaging manufacturers for the food and beverage industry. The group produces around 12 billion glass containers per year, operates 13 plants across Europe and North America, and exports to more than 70 countries.

Walid Kéfi