Tunisian state-owned investment company Al Karama Holding on April 6 called for tenders from international banks and consultancy firms to manage the Tunisian government’s divestment process from the Nouvelair Group.
The Tunisian government plans to sell direct public holdings and indirect interests representing 23.85% of the capital of Nouvelair Tunisia and 2.76% of the capital of subsidiary Nouvelair Handling.
In a statement, Al Karama invited interested parties to obtain the terms of reference for the bid from its Tunis head offices against a non-refundable payment of TND300 dinar (USD98).
The deadline for submission of tenders is Friday, May 12, at 1700L (1600Z).
As reported, the Tunisian government hopes to raise TND656 million (almost USD209 million) through privatisation and the sale of companies confiscated by the Tunisian state after the Jasmin Revolution in January 2011.
Nouvelair operates eleven A320-200s on 31 domestic routes; and to France, Belgium, Germany, and the United Kingdom.
