Abraaj Sells Remaining Stake in Tunisia’s Unimed in IPO

May 4, 2016


Pharmaceutical co. Unimed IPO is first of 2016 on the Tunis Stock Exchange, Abraaj says in an e-mailed statement.

* Share sale values co. at 300m Tunisian dinars ($150m), oversubscribed ~33x;
* Abraaj and Societe de Promotion et de Participation pour Cooperation Economique had sold an 83% stake in Unimed to group of investors in Dec. Source: Bloomberg