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Message n° 69E7T de Twitteur92
mercredi 29 septembre 2010 à 1h52


23 September 2010
In the framework of pursuing its integration strategy and supporting its growth, THE SOPAT has experienced a capital increase on the Tunis stock exchange. This operation has been already approved by the board and the assembly general  of the company. The parent company GALLUS, which control s nearly 70% stake in its subsidiary SOPAT is expecting to strengthen shareholders' equity of its agribusiness subsidiary in order to support the organic growth of its affiliated companies. According to its CEO, Mr. Rached Lahmar" The Gallus company will actively contribute to strengthten the activities of  its affiliated companies. As an important milestone, the Gallus company aims to strengthen the capabilities of its strategic assets in terms of rearing and slaughtering capacities as well as diversifying its product lines before expanding on a regional scale" ; he also added "With the permanent support of the national authorities in terms of investments and the contribution of the private equity fund Amundi SGAM Kantara, we will be able to meet these ambitious challenges. So far, we have been able to attract established technical and financial expertise in the Gallus board whose chairman is Mr. Alexandre Hamadouche, investment director in North Africa and representative of our SGAM AI Kantara partner. The combination within the Board of directors of this financial expertise and world-class agribusiness experts will provide the Gallus Group with unrivalled value". A first objective has been reached with the successful launch of the capital increase for the benefit of SOPAT. According to its CEO, Mr. Fathi Lahmar, SOPAT strives to diversify its basic and sophisticated ranges of meat product-lines in order to meet the demanding and changing requirements of the North African consumer" These investment programs are supported by The Fund SGAM AI Kantara who holds 49% stake in Gallus. The remaining capital is held by the Lahmar brothers following the sale of their securities held in the SOPAT. The Gallus company is active in the agribusiness sector and is committed to develop the aviculture sector on a regional scale in North Africa through an overall investment program of nearly 45 million Euros. SGAM AI Kantara is a development capital private equity fund investing across North Africa in Morocco, Algeria, Tunisia and Egypt. The European Investment Bank (EIB), Proparco and Société Générale are major investors in the SGAM AI Kantara fund alongside sophisticated institutional investors based in Europe and the Gulf countries.

-Ends-


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