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...
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