The business transfer agreement, which was signed on May 6, and approved by the company's Extraordinary General Meeting of Shareholders on June 10, has been automatically terminated.

According to the company's Board of Directors, new circumstances emerged during the final stage of the transaction that "significantly affected the economic premises" of the deal. As a result, the conditions necessary to complete the acquisition under the initial terms of the agreement were not met. The agreement was automatically terminated on August 6, as the suspensive conditions were not fully satisfied, said the company in a BVB statement.

Despite the setback, the Board of Directors stated it remains focused on growth directions it believes have the greatest potential for the company.