On the Benefits of the Elloumi group takeover of BTK

On the Benefits of the Elloumi group takeover of BTK

The Elloumi group has taken over 60% of the Tunisian-Kuwaiti Mixed Bank (BTK) from the French Banque Populaire-Caisse d’Epargne (BPCE) for a symbolic 1€—a winning transaction for the Tunisian industrialist, which will be able to optimise its payments.

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            ▪ On the Benefits of the Elloumi group takeover of BTK

▪ The Elloumi group has taken over 60% of the Tunisian-Kuwaiti Mixed Bank (BTK) from the French Banque Populaire-Caisse d’Epargne (BPCE) for a symbolic 1€—a winning transaction for the Tunisian industrialist, which will be able to optimise its payments.

https://www.africabusinessplus.com/en/809035/benefits-of-the-elloumi-group-takeover-of-btk/

As announced by Jeune Afrique Business+ at the end of 2020, the brothers Hichem and Faouzi Elloumi have definitively put their hands on BTK and its 11 financial companies in August. For the group, whose parent company, Coficab, is the world’s number two in automotive cabling, it is not so much a question of becoming a banker as using financial levers to increase their industrial activities.

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