BA Glass takes 41.28% of SOTUVER as TUNINDEX stays nearly flat

The TUNINDEX slipped 0.03% to 15,595.53 on April 10, while the TUNINDEX20 fell 0.06% to 6,925.59, in a market described as broadly flat for the week. SOTUVER drove the news flow after the CMF cleared the transfer of 41.28% of its capital to BA Glass B.V., with 16.2 million shares changing hands, according to Business News, La Presse de Tunisie and L’Economiste Maghrébin. The CMF also required a mandatory tender offer following the block trade, African Manager reported, after trading was suspended on March 12 and resumed on March 25, according to La Presse de Tunisie and L’Economiste Maghrébin. On flows, Poulina led turnover with TND 2.19 million, while City Cars jumped 6% on April 8 in a session when the TUNINDEX rose 1.03%, according to analyst notes.