WASHINGTON --
IFC, a member of the World Bank Group, announced that it will acquire 19% of the Fuba Printed Circuits Tunisie S.A. stock.
Slim Sellami, Fuba’s CEO, said, “We are grateful for IFC’s support. It shows trust in our ambitious growth strategy.”
“IFC’s partnership with Fuba will have a strong impact in the country by enhancing the technological competitiveness of a key Tunisian export player, creating job opportunities for university graduates and improving environmental and social standards as well as corporate governance,” said Dimitris Tsitsiragos, IFC Director for Global Manufacturing and Services.
IFC’s has not invested in the Tunisian manufacturing sector in over 10 years.