VOL. XLV

No 46

18-November-2002

TUNISIA

Société Générale Takes 52% Stake In UIB

French banking group Société Générale has announced that it is to take a 52% stake in Tunisian bank Union Internationale de Banques (UIB), which is owned by the Tunisian government and state-owned companies. The transaction will be finalized following approval by the regulatory authorities and the signing of the acquisition contract, said Société Générale. The deal enhances Société Générales presence in North Africa,...