Universal Auto Distributors Holding: Acquisition of a pending stake
The Uadh group's equity investment transaction must be closed within the first quarter of 2021 with the objective of a capital increase of 100 to 120 MTD aimed at providing the Group with financial resources.
The Chairman and Chief Executive Officer of the company “Universal Auto Distributors Holding” (Uadh), Bassem Loukil, informs stakeholders on the stock market that the company is the subject of a possible equity investment, by a strategic partner , directly or through one or all of the “Uadh” subsidiaries.The mission was entrusted to the stock market intermediary MAC SA for advice and assistance in carrying out the “Operation”, in collaboration with the PwC firm for thorough diligence.
The operation must be closed within a period not exceeding the first quarter of 2021 with the objective of a capital increase of 100 to 120 MTD aimed at providing the Group with financial means in addition to the technical and logistical means necessary to achieve its strategy of development over the next 5 years.
Expansion of the product range
The ultimate objective is to strengthen the presence of the Citroën, DS & Mazda brands in the market, in addition to expanding the range of Foton, pickups and passenger cars and especially the electric car.The company will inform the market of the evolution of this operation.
It should be noted that “Uadh”, a subsidiary of LIG (Loukil Investment Group), the Loukil Group holding company which was created in 1976, at the initiative of its founder Mr.Mohamed Loukil, has succeeded in its diversification strategy with now 35 subsidiaries that operate in several business sectors, namely industry, agro-industry, automotive, technology, international trade and services, with a solid automotive culture acquired over decades For success, the Loukil group has turned towards the regrouping of its subsidiaries operating in the rolling stock sector under the holding company “Uadh”.
Posted Date: 2020-12-06