Kilani Holding Acquires STA Shares in Mandatory Takeover Bid
Kilani Holding acquired, on June 10, 1,219 shares of the Tunisian Automobile Company (STA) at a price of 24,400 dinars per unit, for a total amount of 29,743.6 dinars, as part of the ongoing public takeover bid (PTO). On June 9, the company had already acquired 195 shares for 4,758.8 dinars.
These two operations, totaling 1,414 shares for 34,502.4 dinars, were published by the Tunis Stock Exchange in accordance with market transparency rules.
Launched on May 22 and open until June 20, 2025, this PTO was imposed by the Financial Market Council (FMC) after Kilani Holding crossed the 40% threshold of voting rights in STA. Indeed, by decision No. 12 of April 24, 2025, the FMC authorized the company to acquire a controlling block of 1,024,861 shares, representing 51.24% of the capital.
Since then, Kilani Holding has strengthened its participation to 1,081,223 shares, representing 54.06% of STA's capital, which triggered the regulatory obligation to buy the remaining 918,777 shares, representing 45.94% of the capital, at the same unit price of 24,400 dinars.
