
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.
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The TUNINDEX fell 0.19% to 20,118.58 on August 6, while the TUNINDEX20 lost 0.28% to 8,852.03, with financial services down 1.21% leading the decline. Distribution and consumer services capped losses with gains of 1.27% each, while the industrials index dropped 0.66% and building and construction materials slipped 0.48%. On the stock side, Smart Tunisie jumped 6% on August 6, after Wifack International Bank rose 4.4% on August 5, according to market notes. Separately, the mandatory tender offer for SOTUVER at 13.390 dinars opened on August 5 and trading was suspended, reports Tustex, after Webmanagercenter said the deal organizes joint control between B.A Glass and the Bayahi group. Webmanagercenter added that SOTUVER’s H1 2026 results were reshaped by a 143% rise in the local olive oil market.