19
Nov
10:39
Tunisia's Sidenor cancels IPO
Tunisian re-roller and supplier of light long products Sidenor has postponed its expected initial public offering on the local stock exchange, Kallanish learns from an announcement published by the Tunisian Stock Exchange.
The IPO was expected to raise some TND 54 million ($20.34m) through the sale of the equivalent of 30% of the company’s stock, as approved in July this year.
It is believed the decision to cancel the listing is linked with th…
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