Catena to consider sale of AskGamblers and financial trading brands
The business said it is “currently noticing a strategic interest from third parties to acquire certain assets”.
This would include assets in its financial trading division and flagship brand AskGamblers, as well as certain other – unnamed – brands.
“In light of this, Catena Media has initiated a strategic review, which will be broad, consider all feasible alternatives and assets of the group to ensure an optimal outcome,” Catena said.
This, it noted, would include looking into the advantages of selling these divisions, “or another kind of structural transaction”.
Catena added that no decision had been taken yet, and after the review it may opt to make no changes whatsoever.
The announcement comes soon after Catena posted a record €45.2m (£38.1m/$47.6m) in revenue in the first quarter of 2022.