other material
confidence high
sentiment negative
materiality 0.70
Criteo's IPONWEB acquisition closing conditions not satisfied due to Ukraine war sanctions
Criteo S.A.
- Conditions to close Criteo's acquisition of IPONWEB (Framework Purchase Agreement Dec 22, 2021) have not been satisfied.
- Cites US, UK, EU sanctions on Russia and Russian counter-sanctions following the invasion of Ukraine.
- Criteo cannot anticipate when or if these closing conditions will be satisfied.
- Criteo reaffirms commitment to its commerce media strategy despite the delay.