The Financial Market Council (CMF) had suspended the listing of Adwya on the Tunis Stock Exchange.
What the CMF had not said is that this suspension was following the intention of the Kilani group to buy 39.9% of the capital of Adwya. The sale will be made granted for a firm price of 5.950 Dinars per share.
A major player in the fields of health, beauty, well-being and hygiene in Tunisia and abroad, Kilani Group is positioned in all sectors of the product life chain, such as industry, wholesale, direct distribution, retail and services.
According to a press release, a copy of which was received by AfricanManager, the Kilani Group acquired 8,609,795 shares, held by the Company “Royal Investissements et Participations Holding” belonging to the El Materi family, representing 39.9% of the capital of the Adwya Company.
The Kilani Group, founded in 1986, is a diversified group that operates in the health, agri-food, construction and cultural sectors.
The Group benefits from an expertise in industrial activities, distribution as well as services in Tunisia and abroad, and has 1800 employees.
Through this operation, Adwya will benefit from synergies with the companies of the Kilani Group for the development of its activities.
Adwya had declared, in 2021, to be in negotiation with the laboratory Hikma Pharmaceuticals for the transfer of a large part of its pharmaceutical activity in Tunisia, including products manufactured under license by Adwya.
