An Extraordinary General Meeting of the Company for the Packaging of Olive Oil (CHO), held on December 26, 2023, decided to increase the company’s capital in cash for an amount of TND 10 million, with a total issue premium of TND 10 million and the total cancellation of the preferential subscription rights of the former shareholders in favor of the CHO COMPANY.
This increase, which will bring the company’s capital to TND 60 million, will be carried out through the creation of 100,000 new registered shares of TND 100 each, to be subscribed and fully paid up at the time of subscription. Subscriptions will be paid up by offsetting against certain liquid and payable debts.
Founded by Abdelaziz Makhloufi, CHO is the Tunisian leader in packaged olive oil and is present in 42 countries with its 6 brands.
The group has 4,000 hectares of olive trees and accounts for 55% of Tunisia’s packaged olive oil exports.
