MonBat AD (BUL:5MB) signed a letter of intent to acquire a majority stake in L'Accumulateur Tunisien Assad SA (BVMT:ASSAD) on August 16, 2017. The final decision for the acquisition is expected by the end of November 2017, after due diligence has been carried out.

MonBat AD (BUL:5MB) cancelled the acquisition of a majority stake in L'Accumulateur Tunisien Assad SA (BVMT:ASSAD) on September 26, 2018. The final stage of the due diligence process of L'accumulateur Tunisiene Assad disclosed matters challenging to the originally expected value creation and are increasing the level of enterprise risk for Monbat.