Tunisia’s Banque du Sud up for sale – again; BNP probable buyer

BNP Paribas seen as probable buyer

Pébereau: brokers coming soon

The Tunisian authorities have renewed their efforts to sell the country’s sixth-largest commercial bank, Banque du Sud. On May 16, a data room at the bank’s head office was reopened. A month later, Tunisia’s largest private-sector bank, Banque Internationale Arabe de Tunisie (BIAT), expressed interest in the bank on behalf of one of its foreign shareholders. Other interested parties include France’s BNP Paribas and a consortium involving Banque Commerciale du Maroc and Spain’s Santander.

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