MonBat AD cancelled the acquisition of a majority stake in L'Accumulateur Tunisien Assad SA.
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.