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Sango Capital to acquire controlling stake in Sotipapier

Sango Capital (Sango), an Africa-focused investment firm, is to acquire a controlling stake in SOTIPAPIER, a paper packaging manufacturer in Tunisia from entities controlled by SPE Capital.

In addition to acquiring a majority stake, Sango intends to proceed with a tender offer process in accordance with the regulations of Tunisia’s Financial Market Council. Completion of the transaction remains subject to certain conditions precedent in relation to requisite clearances and approvals from the relevant Tunisian authorities.

Sango’s investment will support Sotipapier’s experienced management team in the execution of its long-term strategic plans that will further enhance the company’s capacity and product offering to the cement and cardboard packaging industry in Tunisia and neighbouring markets. Sango’s investment is led by Charles Mwebeiha and Jonathan Sengendo, and the SPE Capital team is led by Hela Hariz, Ghita Karoum and Dora Meoto.

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