LONDON - Tooru plc (AIM:TOOR) announced it will not proceed with the acquisition of Mylky B.V.
The decision was driven by high debt levels, market conditions, and geopolitical risks.
Using equity as an alternative would have been too dilutive at current valuations.
Additionally, acquiring Mylky would expose the group to European regulatory risks.
The company will focus on existing operations and smaller, aligned acquisitions.
