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Monday 10 August 2020
Home News Tunisia: Carthage Cement successfully completes its capital increase

Tunisia: Carthage Cement successfully completes its capital increase

The company Carthage Cement would have closed its capital increase for an amount of 206 million dinars, or 77% of the initial amount of the operation (268.5 million dinars), ilboursa reported.

This represents a great success for the cement manufacturer given the circumstances in which the operation took place but also for its shareholders, its management and all the team who believed in the company and in their ability to make a success of the capital increase of the Tunisian market leader.

This capital increase, carried out through stock market intermediary MAC SA, will serve to rebalance the company’s financial structure by significantly reducing the level of debt.

The company’s capital would therefore be increased to 343.6 million dinars.

It should be recalled that the amount of the operation initially amounts to 268.5 million dinars (including 68.1 million to be released by offsetting the claims accruing to BINA Corp (associated current account) and Al KARAMA Holding.

The amount to be raised on the financial market will stand at 200.4 million dinars

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