Wednesday, August 31, 2016

Pikasso acquires Tunisian advertising firm for $1.32 million.

Yellow Spirit, the holding company of outdoor advertising provider Pikasso, and its Tunisian subsidiary, Lawhat Tunisie, have acquired a combined 66.36 percent stake in Maghreb International Publicité (MIP).

Bourse de Tunis, the Tunisian stock exchange, said that the acquired stake consists of nearly 2.92 million shares that were sold by former shareholders, Hédi and Mehdi Cheriha, for one Tunisian dinar a share.

This brings the overall value of the deal to $1.32 mil...

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