Elloumi Group sets sights on BPCE’s BTK bank
The influential Elloumi family (active in manufacturing, agri-food, real estate and financial consulting, among others) is, according to our sources, in discussions with French giant BPCE with a view to buying its shares (60%) in mixed bank BTK (Banque Tuniso-Koweitienne). The remaining 40% is divided equally between the Tunisian state and the Kuwaiti sovereign fund.
17/12/2020 at 17h59, by Africa Business+
The institution has been in turmoil for several months. Both Mohamed Karim Mounir’s Moroccan bank BCP (Banque Centrale Populaire) and the Tunisian State were close to buying the stake belonging to BPCE, led by Laurent Mignon, before the deals fell through.
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