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Saturday 25 September 2021
HomeNewsTunisia: ABCI set to take over BFT?

Tunisia: ABCI set to take over BFT?

We have learnt from official sources that negotiations to resolve the dispute between the Tunisian government and the founders of the “Banque Franco-Tunisian” (BFT seriously deficient) are now broken in anticipation of the verdict of Cerdi (International Centre for Settlement of Investment Dispute), a body close to the World Bank specializing in complaints between international investors and states bodies.

According to our sources, this judgment does not give right to the Tunisian State in the complaint relating to the ownership of the bank which is claimed by foreign company ABCI and Tunisian businessman Abdelmajid Bouden.

The same sources said it would not even be ruled out that the Tunisian government takes over the bank, which is also a subsidiary of STB, the ABCI. But at what cost and with which conditions?

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