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Monday 21 June 2021
HomeNewsTunisia: UADH targets capital increase of at least 100 MD

Tunisia: UADH targets capital increase of at least 100 MD

The management of Universal Auto Distributors Holding (UADH) announced Thursday that a strategic partner may acquire a stake in the company directly or through one or all of its subsidiaries.

This decision is part of the group’s strategy for the period 2021-2025 during which a capital increase of 100 to 120 million dinars will be made by new investors, ilboursa reported.

This new five-year strategic plan will enable the UADH group to benefit from the technological know-how of the new technical partner both to expand the FOTON pickup assembly activity and to develop the electric car segment.

In addition, this new strategy aims to increase the synergy between the group’s different brands, particularly in terms of logistics and distribution throughout the country.

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