Friday, July 27, 2012

Tunisia sells telecom stakes owned by Ben Ali kin

The Tunisian government will sell off stakes once held by a relative of ousted strongman Zine El Abidine Ben Ali in a mobile phone operator and a car dealership, a finance ministry official said on Thursday.

Selim Besbes, secretary of state at the finance ministry, told reporters that a call for international tenders will be issued on Friday for stakes in mobile operator Tunisiana and the Ennakl Automobiles dealership.

The state will seek to sell a 25 percent stake in Tunisiana and 59 percent stake in Ennakl, which were both once held by Sakher El Materi, a son-in-law of Ben Ali.

The offer closes on November 2 for Tunisiana and at the end of the year for Ennakl -- agents in Tunisia for German carmaker Volkswagen.

Ben Ali fled to Saudi Arabia in January 2011, ousted from power by a massive popular uprising that ended his 23-year autocratic rule.

Other relatives also fled the country in the aftermath of the uprising. El Materi is said to be in Qatar.

Source: http://news.yahoo.com/tunisia-sells-telecom-stakes-owned-ben-ali-kin-190951888.html

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