Monbat announced that it had signed a contract for the acquisition of the remaining 40% of the capital of the Tunisian company “Société Nouvelle des Accumulateurs NOUR”, as a result of which Monbat AD will acquire 100% of the capital of the NOUR Industrial Group. The total value of the transaction amounts to EUR 9m, payable in three installments with the first tranche of EUR 4m payable upon completion of the transaction, while the remaining two (EUR 2.5m each) are to be paid by the end of 2026 and 2027, respectively. The transaction is expected to be finalized in Q1’26 after receiving the necessary approval from the Central Bank of Tunisia. Note, that the current deal puts the equity value of NOUR at EUR 22.5m, while the 60% stake, which Monbat acquired in 2022 was valued at EUR 10.3m, implying total equity value of EUR 17.2m at the time.