VOL. XL

No. 40

6-October-1997

TUNISIA

Banque Du Sud Enters Private Sector

The Tunisian Government did not participate in a $34mn rights issue raising capital forBanque du Sud and has thereby relinquished full control of the bank. The rights issue,which was held in September together with a bonus issue, raised the bank's share capitalby a nominal TD25mn and was taken up by the bank's existing private-sector shareholders.This means that the government's holding falls below the 34% threshold which...