VOL. XLIII

No. 14

3-April-2000

ALGERIA

Algerias Stock Exchange Authorizes Fourth Listing

The Algiers Stock Exchange (ASE) has authorized its fourth listed company since its formal inauguration last summer (MEES, 23 August 1999). The Aurassi Hotel was partially floated earlier this month, when 2,978 shares were offered at AD400 per share ($3.25). The state-owned company also sold 20% of its capital at an initial public offering at the end of last year.

The new listing joins the agriculture group...