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Tunisia's Banque de l'Habitat clarifies announcement over Banque de l'Habitat de Côte d'Ivoire acquisition

Tunisia's Banque de l'Habitat said Sept. 22 that it is in theprocess of acquiring a 51.6% stake in Banque de l'Habitat de Côte d'Ivoire, sayingit wanted to clarify an earlier announcement that said its offer had beenaccepted by the Ivorian government's privatization committee.

The announcement came after the Ivory Coast governmentsaid it had not accepted an offer to acquire its stake in the bank and that itwas preparing a plan for the privatization. The government's announcement wascarried in the Ivorian press Sept. 22, JeuneAfrique wrote the same day.

The Tunisian bank said the acquisition has beenapproved by its board but that a final decision is in the hands of the Ivorianauthorities. It had said Sept. 16 that it was in position to carry out theacquisition, which would carry a cost of 1.3 billion CFA francs, or 4.6 millionTunisian dinars.

As ofSept. 22, US$1 was equivalent to 583.00 CFA francs and 2.21 Tunisian dinars.