The government of Tunisia announced it is selling a 35.529% interest in Adwya. This stake corresponds to a block of shares which was re-purchased by the new government from the Princesse El Materi Holding, which was renamed El Kerema Holding and which is now the transferor in the new operation.

The transaction is opened to Tunisian and foreign companies and individuals. Interested investors can act individually or as a led-consortium. Legal entities which are insolvent, bankrupt, into receivership, liquidation or over-indebted are evidently excluded from the operation.

Adwya is one of Tunisia’s major actors of the pharmaceutical industry with a 7.7% market share. It is the leading local producer in the officinal market and the second largest local producer in the overall market (officinal and hospital).

The firm was listed in the Tunis stock market in 2007. Since the call to tender was launched, its share plunged and now cumulates a 7% loss over the seven past days. However, its stock plus-value since the beginning of the year remains positive at 14.42%.

Idriss Linge