Tunisia's $7.4 mln Assad share float subscribed

Newswire

TUNIS, March 18 (Reuters) - The sale of shares in Tunisian vehicle battery maker Assad to raise 9.02 million dinars ($7.4 million) was fully subscribed, officials said on Friday. But analysts said the subscription level showed Assad had failed to spur the kind of enthusiasm among investors needed to energise the stock market. "The demand for the 480,000 shares offered by Assad reached about 525,000," a senior stock exchange official told Reuters before the market authorities announce the ...

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