The Tunisian State and Bina Corp, the controlling shareholders of Carthage Cement, have decided to proceed, through a public tender, to the sale of majority stake (50.52%) in the company to a strategic and/or a financial investor who is capable to ensure its management and development.
Carthage Cement, a public company, specialises in the production of cement, aggregates and concrete, and its 2.2 million tonne capacity plant is located south-east of Tunis at the bottom of Djebel Rsas, a Jurassic limestone outcrop.
The company operates two side-by-side quarries with areas of 218 hectares and 140 hectares.
The sale process will be conducted in two phases: a pre-qualification phase and a binding offer phase open to all pre-qualified investors.
Investors interested in participating in the sale process can withdraw the pre-qualification document at Al Karama Holding’s headquarters in Rue du Lac d’Annecy, Passage du Lac Malawi, Les Berges du Lac, 1053 Tunis.
The deadline for submitting the expression of interest is Friday, 16 February 2018.
