Société Tunisienne de Réassurance Tunis Re S.A. (BVMT:TRE) has launched an international invitation for investors to become a strategic partner which will take up 25% of shareholdings and voting rights in the company. The strategic partner should also have the knowledge or capacity to participate in strengthening technical, financial and commercial capacity of Tunis Re as well as in its regional and international operations. Banque d'Affaires de Tunisie has been retained as exclusive adviser for the capital increase.

Tunis Re will carry out a pre-qualification exercise of candidates aiming to be its strategic partner based on pre-defined technical criteria in order to short-list potential investors. Those short-listed will then submit an offer for the subscription to the planned capital increase. Potential Investors will have the opportunity to form consortia controlled by candidates meeting the required pre-qualification criteria.