How Tunisia’s Prime Minister Mechichi dropped the purchase of BTK (BPCE group)
Hichem Mechichi’s government has definitively put to bed any possibility of the state’s takeover of BTK (Banque Tuniso-Koweïtienne).
12/11/2020 at 17h27, by Mathieu Galtier
The government had until 30 October to provide the Central Bank of Tunisia with the necessary documents to officialise the purchase of majority shareholder BPCE’s shares (60%). This would have brought the State’s stake to 80%, with the remainder owned by Kuwait via its sovereign fund Kuwait Investment Authority. But, in the event, this did not happen.
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