Tunisia: Catana Group increases interest in Haco to 50%, from 30%
Tuesday, 09 July 2019 17:12
French company Catana Group, which specializes in the design, construction and marketing of pleasure craft, announced it has acquired an additional 20% stake in Haco, a Tunisian firm operating in the same segment.
Catana, which already held 30% of Haco’s capital just increased its interest to 50% with the new acquisition. The amount of the operation was not unveiled but Boris Compagnon, Catana Group's sales manager, said the initiative will consolidate the French firm's development and improve its international expansion.
Euronext-listed Catana aims to increase its offer in Tunisia in the coming years. According to Slim Feriani, Minister of Industry, Small and Medium-sized Enterprises (SMEs), “there are currently 8 companies in the country that manufacture boats [...]”
Chamberline Moko
Live News
-
Coris Bank Targets Cameroon Entry as CEMAC Eases Expansion Rules
20:05
-
Cameroon Cuts Import Taxes to Boost Renewable Energy and Water Access
20:02
-
Douala Shuts Down Old Dump Site as New Waste Treatment Plant Comes Online
19:59
-
Grid Constraints Spur Government Action in Ghana Power Sector
18:48
-
Namibia and Russia Expand Economic Cooperation Across Key Sectors
18:41
-
Makhtar Diop Scales Shared Property Investment Model in Seneg
17:40
-
Burkina Faso to Digitize IT Technical Certifications From April 1
17:37
-
Gabon Targets Forestry Transparency With New Data Hub
17:30
-
Cameroon invites businesses to join April trade mission to China’s Guangdong
17:18
-
Algiers Targets Export Growth With National Data Platform
16:48
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
ECOWAS is proposing a regional digital platform for passengers to file and track complaints online...
World Bank announces $137 million to boost West Africa digital economy Program expands broad...
Ghana faces strain on its electricity network due to about 1,000 overloaded transformers. Authorities plan large-scale replacement and capacity...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both countries emphasized improving the investment climate and...
Burkina Faso will require all IT technical certification applications to be submitted online starting April 1. The reform eliminates physical...
A Telecel entrou oficialmente no mercado de telecomunicações do Gana em fevereiro de 2023, ao assumir as operações da Vodafone, então em dificuldades....
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...