The Ordinary General Meeting of Magasin Général (MG) has decided to issue one or more bonds within a period of two years for a total amount not exceeding fifty million dinars.
The Board of Directors was granted full powers to issue the bonds in one or more tranches and to determine their terms and conditions.
In other news, the same MG General Meeting approved an agreement between the Magasin Général and HeBac, represented by its manager, Hedi Baccour, former CEO of MG and member of the SMG Board of Directors in his capacity as representative of Med Invest Company, MG’s parent company.
