Catena Media plc has mandated Carnegie Investment Bank AB (publ) as financial adviser to assist the company in assessing strategic options for the potential sale of the remainder of its business.
In a statement posted to the Malta Stock Exchange, Catena described Carnegie as a financial advisor that would assist in considering options “as part of conversations with third parties that have shown interest in acquiring certain assets, including all the remaining assets of the group.”
As already communicated, the group continues to streamline the business to focus on the fast-growing, regulated North American market.
“As announced on 15 December 2022, third parties have shown interest in acquiring other assets as part of this process, and the group continues to evaluate the divestment of such.”
Indeed, in December, Catena entered into an agreement to sell its AskGamblers business and associated global casino brands for €45 million on a cash and debt free basis to a wholly owned subsidiary of Gaming Innovation Group Inc.
Catena further shared that third parties have also shown interest in acquiring all the remaining assets of the group in a strategic transaction or through a public tender offer for the group.
“So far, the board of directors of Catena Media has received no firm or indicative bids for the group or any of its assets.”
The recognition of achieving this standard means that Videoslots and its associated brands have successfully met all the stringent international standards for its ISMS
Malta received heavy criticism when it introduced Bill 55, protecting locally licensed companies from foreign legal action for activities covered by their MGA licence. Here, we explore the arguments in favour of Bill 55 from the Malta-based iGaming ecosystem
The sale was made for €19.8 million to an undisclosed buyer or buyers
The Head of HR Commercial and Operations sits down with iGamingCapital to discuss the Group’s most valued resources, its employees