HomeNewsTunisia: Société Générale abandons plans to sell its stake in UIB

Tunisia: Société Générale abandons plans to sell its stake in UIB

The Union Internationale de Banques (UIB) announced that during its Board of Directors meeting held on February 7, 2025, Société Générale—which holds a 52.34% stake in UIB—recalled that it had been exploring various strategic options since June 2023, including the possibility of selling its shares in UIB.

After carefully assessing market opportunities and conditions, Société Générale has decided, in the current context, to focus its efforts on strengthening UIB’s positioning, driving its transformation, and supporting its growth to serve the Tunisian economy, with the backing of its co-shareholders.

The Board of Directors was informed that Société Générale will remain attentive to market developments and open to any opportunities that align with its strategic objectives and the interests of UIB and its various stakeholders.

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