Tunisia, UAE’s ADIA to Sell Stake in BTE Bank

Tunisian government and the Abu Dhabi Investment Authority are seeking an international offer for their stake in Banque de Tunisie et des Emirates d’Investiment, the bank says in an emailed statement.

* Offer would be for one block of shares, representing 77.8% of BTE’s capital;
* Rothschild Bank and KPMG selected as advisers;
* Expression of interest to open on Dec. 11 and continue through to Jan. 15, 2018. Source: Bloomberg