HomeNewsTunisia: Assurances MAGHREBIA raises its stake in UIB to 10%

Tunisia: Assurances MAGHREBIA raises its stake in UIB to 10%

Assurances MAGHREBIA has announced that it has exceeded the 10% threshold in the capital of Union Internationale des Banques (UIB).

The insurance company now holds 10.2% of the bank’s capital, of which 4.5% is held directly and 5.7% jointly by Assurances MAGHREBIA Vie and Union Financière.

Assurances MAGHREBIA has also stated that it intends to continue acquiring and selling new UIB shares.

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