The ASSAD Group has reached a major milestone with the acquisition, on July 16, 2026, of all the shares held by Algerian investors (4%), bringing its stake in its subsidiary Batteries Assad Algeria (BAA) to 100%.
This restructuring accelerates the process of opening up the subsidiary’s capital, with the aim of selling a 25% to 30% stake through a fundraising round of 1 billion Algerian dinars (approximately TND 22.1 million) before the end of 2026.
The implied total valuation of Batteries Assad Algeria, based on this fundraising round, is estimated at between 3.33 billion and 4 billion Algerian dinars, equivalent to approximately TND 73.7 million to TND 88.4 million.
This overall valuation of the wholly owned subsidiary represents a value of approximately TND 3.070 to TND 3.680 per ASSAD share, based solely on its stake in BAA.
Industrial expansion underway
Alongside this financial operation, BAA is implementing its development plan to triple its production capacity, increasing it from 400,000 to 1.1 million batteries.
The company plans to invest 1.7 billion Algerian dinars (approximately TND 37 million). Expansion work has already begun, and the first production line has already been installed.
Finally, this milestone represents strong momentum that reinforces the Group’s leading position and growth potential in the regional market.
