Ackermans & Van Haaren shares slip, analysts point to 'irregularities' at Medikabazaar
** Shares in Ackermans & Van Haaren ACKB.BR fall 4.4% after the Belgium-listed holding flags "financial irregularities" at medical equipment business Medikabazaar, where the group holdsa 8.9% stake
** The board of Medikabazaar has recently been made aware that financial irregularities have taken place at the entity, Ackermans says in its Q1trading update, adding that audits are already underway
** Thijs Berkelder from ABN AMRO–ODDO BHF equity research says the irregularities imply worries on Medikabazaar'sinvestments in their main marketIndia
** Andre Mulder from Kepler Cheuvreux says Ackermans & Van Haaren's share price move is possibly linked to Medikabazaar, but flags that the business represents less than 1% of the group's portfolio
** Degroof Petercam says the irregularitiescould "be a case of inflated revenue figures which may result in a partial adjustment in valuation," but adds a full impairment looks "unlikely"
** Ackermans & Van Haaren shares are on track for their worst one-day performance since late August last year
Reporting by Olivier Sorgho
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