Tunis Re seeking a strategic partner

With the purpose of passing a new threshold in the execution of its 2012-2016 development plan, Tunis Re will conduct an international invitation for investors for the acquisition of 25% of its capital (with voting rights).

The transaction, estimated at 25 million TND (14.1 million USD) will increase the capital of Tunis Re at 100 million TND (56.4 million USD). The Tunisian reinsurer has stipulated being in search for a strategic partner able to "participate in strengthening the technical, financial and commercial capacity" of the company.

The offer, made for insurers/reinsurers, banks, specialized investment funds and internationally renowned financial instittutions, will be launched on the 6th October 2014 and closed in February 2015.

Timetable

• 6 October 2014
  Launch of technical pre-qualification exercise
• 14 November 2014:
  Deadline for submission of expressions of interest
• 24 November 2014:
  Pre-qualification notification
• 23 January 2015:
  Deadline for submission of financial offers
• February 2015:
  Closing of deal

You can read the full version (in ".pdf" format) of the Notice of appeal for expressions of interest by clicking the link below.