Société Tunisienne de Banque Société anonyme (BVMT:STB) acquired an additional 8.5% stake in Wifack International Bank (BVMT:WIFAK) from Mohamed Mellousse, Chief Executive Officer of Wifack International Bank for TND 2.6 million on January 27, 2020. Under the terms of the transaction, Société Tunisienne de Banque Société anonyme paid TND 6.830 per share to acquire each share of Wifack International Bank. As a result of the transaction buyer now owns 15.8% stake in Wifack International Bank.

Société Tunisienne de Banque Société anonyme (BVMT:STB) completed the acquisition of an additional 8.5% stake in Wifack International Bank (BVMT:WIFAK) from Mohamed Mellousse, Chief Executive Officer of Wifack International Bank on January 27, 2020.