TUNIS, July 26 (KUNA) -- Tunisian Secretary of State for Finance Slim Besbes announced Thursday that his government will invite bidders to two tenders for its stakes in the mobile telecommunication company Tunisiana and Ennakl Automobiles Co.

"The first tender, related to the sale of 25 percent stake in the capital of Tunisiana, will be launched tomorrow Friday and the bidding will close in November 2012," the stat-run Tunis Afrique Presse (TAP) quoted the minister as saying here.

Besbes said the tender will be open to all investment funds, collective investment companies, financial institutions, large groups and sovereign funds.

He ruled out the participation in this tender of Qatari Qtel Company which holds the rest of the capital of Tunisiana.

The 25 percent stake of Tunisiana confiscated from the son-in-law of the ousted president was purchased through bank loans, 365 million dollars of which are loans taken from the Arab Banking Corporation (ABC), according to the report.

Their repayment is set for December 2012. The remaining funds were provided by a number of Tunisian public banks.

He said that these debts and additional investments made in the company, including the 3G licence -- will be included in the sale value.

The Secretary of State announced the launch of a tender for the sale of stakes owned by the State in the capital of "Ennakl" company (59 percent), formerly owned by the son-in-law of the ousted president, seized on July 30, 2012.

This process will be launched in two stages, he indicated. The first will involve the technical tender (choice of investor with necessary technical characteristics) and the second will focus on the financial aspect.

This sale transaction will close in December 2012, he said.

Observers have expected a partial sale of state shares in these companies under the form of traded shares.

The list of stakes to be sold in the coming period includes City Car Company (99 percent), "Banque de Tunisie" (13 percent), Carthage Cement (37 percent) and the International School of Carthage (100 percent), Besbes added.

Shares in these companies are owned by the deposed president and his family. The national committee responsible for the management of seized funds and properties has identified 300 active companies in different areas.

Some of these stakes have already been seized while others are underway, said the secretary of state.

Besbes classified these shares into transferable shares via tenders and stakes that have been transferred to the Deposit and Consignments Fund, coming under a holding "Deposits and Consignments for Development." The remaining stakes will be made available to the "El Karama Holding," said the secretary of state without giving further details on the date of the creation of this latter.