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”.