Al Babtain Power and Telecommunication announced that it is reassessing the valuation of the investment of Al-Babtain France, established in April 2012, for acquiring Petitjean SAS. The reassessment relies on international financial reporting standards, which allow the revaluation of investments’ fair value within a year of the date of buyout. French Accuracy Company is handling the valuation. The study is expected to render capital earnings, to be announced as soon as completed. |
A financial effect on company’s results is expected in 2012.
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