Industry News

Catena Media Appoints Carnegie Investment Bank as Financial Adviser

Published

3 years ago

January 11, 2023

Niji Narayan

Catena Media appoints Martin Zetterlund to board of directors

Reading Time: < 1 minute

Catena Media plc has mandated Carnegie Investment Bank AB (publ) as financial adviser to assist the company in assessing strategic 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 communicated in the strategic review that was announced in May 2022 and expanded in August 2022, 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. During these discussions, 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.

Related Topics:Carnegie Investment Bank AB Catena Media plc

Up Next

Livespins secures major distribution deal with EveryMatrix

Don't Miss

Slotmill Signs Distribution Agreement with SoftGamings

Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.