Banque Internationale Arabe de Tunisie makes offer for majority stake in Tunisie Valeurs
Wednesday, 05 February 2020 16:27
Banque Internationale Arabe de Tunisie -BIAT- is poised to get a majority stake in the capital of the asset manager Tunisie Valeurs. The bank has sent an intention letter to the company’s major shareholders in that regard.
BIAT’s offer is a response to the decision made in November 2019 by Tunisie Valeurs to open its capital to a strategic partner by the first quarter of 2020, in order to accelerate growth. For Tunisia’s largest private sector bank, acquiring a majority stake in the company will enable it to improve its range of financial products and consolidate its investment banking activity in Tunisia.
Tunisie Valeurs obtained last year the approval to carry out investment banking activities in Tunisia.
Chamberline Moko
Live News
-
Chinese Firm Sailun to Inject $1 Billion into Tire Plant in Egypt
18:07
-
GSMA MWC25 Kigali Returns with Focus on Africa's Digital Future and New Ministerial Programme
13:16
-
Gabon Steps Up Inclusion of Disabled People with New Labour Market Measures
12:19
-
Democratic Republic of Congo and Brazil Deepen Ties with New Agreements
11:34
-
Nunya Tomey Connects Beauty Professionals With Clients Across Ghana
08:48
-
Cameroon Seeks CFA165bn IsDB Aid to Rebuild Douala-Yaoundé Road
08:31
-
With 60% of Africans Projected in Cities by 2050, Smart Solutions Gain Urgency
07:53
-
SAT Magazine Seeks CFA30mln to Expand Productive News in Africa
15:08
-
Access Bank Cameroon Concludes WeMentor Program, Championing Women Entrepreneurs Nationwide
11:27
-
Joseph Lukula Automates Banking for Small Businesses
08:21
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capi...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...
The plant could produce over 10 million tires annually at full capacity. First phase of the project to start in 2026. Project aims to cut Africa’s...
(GSMA)-MWC25 Kigali, the African continent's largest and most influential connectivity event, will return on 21- 23 October with a dynamic agenda...
Gabon launches coordinated policies to integrate 16,000 disabled people into education, health, training, and work. The National Committee for the...
The DRC and Brazil signed multiple agreements to boost diplomatic, security, and economic cooperation. Trade between the two countries surged 28%...
EU rolls out biometric Entry/Exit System in Oct 2025, replacing passport stamps. Visa-free African states face new checks, longer queues, and strict...
In the heart of the Malian city of Djenné, the world’s largest mud-brick building dominates the skyline: the Great Mosque. First built in the 13th...