UK video streaming solutions firm Aferian considers administration after sale process fails

Aferian

06/03/2026 08:20

March 6 (Reuters) - UK video streaming solutions firm Aferian AFRNA.L said on Friday it plans to enter administration to complete the sale of its operating businesses, which would wipe out shareholders but preserve jobs and trading operations.

Aferian said it had terminated the previously announced sale process for the company, as it was unable to secure a bid for the entire company.

Aferian said lenders support a plan to sell its operating subsidiaries, 24i and Amino, as a pre-packaged sale to a single buyer, to be undertaken immediately following the company entering administration.

It is in discussion with its advisers and principal stakeholders over the potential appointment of administrators.

However, Aferian warned that the proceeds from the sale of these units would be significantly lower than its secured banking facilities of $16.5 million, yielding no returns for its shareholders.

The company's shares will be suspended.

(Reporting by Simone Lobo in Bengaluru; Editing by Rashmi Aich)

(( ((Simone.Lobo@thomsonreuters.com, +919920570373))))