To me purchasing 20% for $15 million isnt a clear valuation of...

To me purchasing 20% for $15 million isnt a clear valuation of even the american subsidiary, let alone AAE.

Hypothetically
If i were offer you $20 for 2 shares in a 10 share company, you might state the company is valued at $100. But if at the same time I insist on an option to get issued another 3 shares in this same company at just $5 each in 2 years, then I dont really value the company at $100 do I... otherwise i wouldnt insist on the options.

This is all confused further by it being a sale of part of the North American subsidiary and the options being options in AAE.