But Mañalac said the sale was not consummated when the National Economic Development Authority (Neda) under then Socioeconomic Planning Secretary Romulo Neri opposed it.

Source: https://business.inquirer.net/402311/manalac-says-it-was-against-his-will-but-he-backed-bid-to-sell-5-of-govt-stake-in-pnoc-ec

Even though the Quid and the Quo never were consummated, the case ended up consuming Calk in court.

Source: https://abc7chicago.com/stephen-calk-paul-manafort-donald-trump-bibery/13271886/

If it is consummated, we value Bolloré at ~€13/share before applying any kind of conglomerate discount.

Source: https://seekingalpha.com/article/4617294-bollor-se-the-most-interesting-company-in-the-world?source=feed_all_articles

The unaudited pro forma condensed consolidated balance sheet as of March 31, 2023 reflect such sale as if it had been consummated on that date.

Source: https://www.marketscreener.com/quote/stock/ADIAL-PHARMACEUTICALS-IN-39051288/news/Adial-Pharmaceuticals-UNAUDITED-PRO-FORMA-CONDENSED-CONSOLIDATED-FINANCIAL-INFORMATION-Form-8-K-44653744/?utm_medium=RSS&utm_content=20230818