S-Ventures (“SVEN”) announced its audited results for FY22 on 30 June and its interim results on the 5 July, which means that the share suspension has now been lifted. The announcement delay was primarily due to various audit reasons surrounding the Purchase Price Allocation work and impairment on its Lizza GmbH acquisition; acquired in Aug 2022 for €1. We note that when SVEN acquired Lizza it was already loss making, and given the current backdrop, SVEN noted in Feb 23 that the losses were unsu ....
