Yellow Spirit and Lawhat Tunisie entered into a letter of intent to acquire 63.9% stake in Maghreb International Publicite (BVMT:MIP) from Mohamed Hedi Cheriha and Mehdi Cheriha on October 22, 2015. Mohamed Hedi Cheriha will sell 31.94% and Mehdi Cheriha will sell 32% stake in Maghreb International Publicite. Yellow Spirit and Lawhat Tunisie completed the acquisition of 66.36% stake in Maghreb International Publicite (BVMT:MIP) from Mohamed Hedi Cheriha and Mehdi Cheriha for TND 2.9 million on July 11, 2016. Hedi Cheriha sold 33.15% stake and Mehdi Cheriha sold 33.21% stake in Maghreb International Publicite for TND 1 per share.