Tunisia's BIAT GDR Postponed
A planned offering of Global Depositary Receipts (GDRs) by Tunisia's largest privatebank, Banque Internationale Arabe de Tunisie (BIAT), has been postponed according to localnewspaper reports. It is not clear how far plans for the issue had advanced, but sourcesat the Tunisian bank said on 30 October that "the previous offer price of itsimpending issue of GDRs had been withdrawn due to a decline in BIAT's underlying share...
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