Bassem Loukil seeks cash injection for UADH and explores electric cars with Chinese firm Foton
The Loukil Investment Group boss is preparing a capital increase for his car holding company while also looking for a partner to assemble electric vehicles in the country.
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▪ Bassem Loukil seeks cash injection for UADH and explores electric cars with Chinese firm Foton
▪ The Loukil Investment Group boss is preparing a capital increase for his car holding company while also looking for a partner to assemble electric vehicles in the country.
▪ https://www.africabusinessplus.com/en/806276/bassem-loukil-seeks-cash-injection-for-uadh-and-explores-electric-cars-with-chinese-firm-foton/
According to sources close to the matter, the operation will be worth between 100m and 120m Tunisian dinars (€30m-€36m) for Universal Auto Distributors Holding (UADH), the entity that oversees all Loukil Investment Group activities in the automotive industry. This increase will be made with a foreign investor whose name has not been disclosed, with a stake not exceeding 20%, in line with current regulations. But a source within the management team tells Jeune Afrique Business+ that local investors will also be included in the firm’s financing round “by invitation”.
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