Sale Of Direct And Indirect State-Owned Shares In The Capital Of “Goulette Shipping Cruise”

MSC Splendida at the cruise port of La Goulette in TunisThe Tunisian State and Al Karama Holding has decided to proceed, through an international tender offer, to the sale of all its shares in one single block representing 99.98% in the capital of Goulette Shipping Cruise to an investor who is able to insure its management and development.

Goulette Shipping Cruise is a limited company that has built the cruise terminal of La Goulette as well as the Harbor village. It exclusively manages the cruise activity of the port of La Goulette since 2007 under a BOT contract with the Tunisian port authorities for a period of 30 years extendable for another 20 years.

In 2010, the La Goulette cruise terminal welcomed nearly 900,000 PAX aboard 406 calls. Since 2012, GSC is member of the Med Cruise Ports Association.

CAP Bank was selected by Al Karama Holding as its exclusive advisor for the entire transaction.

(Goulette Shipping Cruise, CAP Bank)