Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Tunisia’s Banque Nationale Agricole completes capital increase to TND320 mln

Thursday, 04 July 2019 18:07
Tunisia’s Banque Nationale Agricole completes capital increase to TND320 mln

(Ecofin Agency) - State-controlled Banque National Agricole BNA completed its capital increase from TND176 million to TND320 million (about $105 million), a statement issued July 3 by subsidiary BNA Capitaux indicated.

The operation was done through cash injection and capitalization of reserves. TND140.8 million was raised through the issue of 28,160,000 shares at TND12 each, split into TND5 in par value and TND7 in share premium. Shares were subscribed on the basis of 4 new shares for 5 existing shares.

The remaining amount (TND3.2 million) was collected through the allocation of 640,000 free shares with a par value of 5 dinars each following the capitalization of reserves. These free shares were granted at the rate of one new share for 55 existing shares.





 
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.