Carthage Cement sale attracts foreign investors

Sale of a majority stake in Carthage Cement (Tunisia) has attracted a high level of interest from international investors.

A block of shares, representing 50.52 per cent stake in the company, was offered for sale by the Tunisian government and a fellow shareholder by public tender on 15 December, 2017.

At least six foreign investors have so far entered the pre-qualification round, and expressions of interest will be accepted up to 16 February, 2018. Pre-qualified candidates will be notified by 2 March, 2018.

Carthage Cement, which operates a 2.2Mta integrated cement plant located at Djebel Ressas, was established in 2010 and first listed on the Tunis Stock Exchange in 2013.