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Fitch: Sotuver on positive watch
Fitch Ratings said it placed Societe Tunisienne de Verreries' (Sotuver) national long-term rating of B+(tun) on rating watch positive on its takeover by Societe d'Exploitation de Verreries au Maroc.
Fitch said it has also affirmed Sotuver's national short-term rating at B(tun).
The agency noted that the positive watch is based on Sotuver's announcement that its majority shareholders agreed on selling a controlling block of shares around 66% to Societe d'Exploitation de Verreries au Maroc .
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