It has been announced that offers have been made by French, Swiss and Saudi investors to buy a 51% stake of the capital of Tunisian glass bottle manufacturer Socit Tunisienne de Verreries (SOTUVER). T…
It has been announced that offers have been made by French, Swiss and Saudi investors to buy a 51% stake of the capital of Tunisian glass bottle manufacturer Socit Tunisienne de Verreries (SOTUVER). The offers were in response to an international tender launched last April by Tunisia as part of its privatisation programme (see Glass Machinery Plants & Accessories – No. 4-96). “We have received offers from foreign investors who are French, Swiss and Saudis, as well as from local investors,” Raouf Djaiet, Director of SOTUVER told a business forum organised in the Tunisian resort of Hammamet by the Arab-British Chamber of Commerce. The investors were not named, but said that the government body for privatisation was looking now into the offers. The tender was for the selling of a control block of 139,638 shares in SOTUVER“s total capital of 2.74 million dinars (US$ 2.8 million). The remaining 134,162 shares representing 49% of the capital will be sold later in a public offer through the bourse.