VOL. XL

No. 46

17-November-1997

TUNISIA

Tunisian Government In Negotiations To Privatize Cement Factory

The Tunisian Government announced on 11 November that it will issue a tender to sellits stake in the wholly state-owned Societe les Ciments d'Enfidha by the end of thismonth. Although negotiations are still in progress, MEES soundings indicate thatthe sale of the cement factory - 60% of which will be sold to a strategic investor and 40%in an Initial Public Offering (IPO) on the Tunisian Stock...