Brief: Catena Media Expands Strategic Review To Its European Business

Catena Media

10/08/2022 07:32

Aug 10 (Reuters) - Catena Media PLC  CATME.ST :
    * CATENA MEDIA EXPANDS STRATEGIC REVIEW TO ITS EUROPEAN
BUSINESS
    * EUROPEAN BUSINESS, CONSISTING OF ONLINE SPORTS BETTING AND
CASINO AFFILIATION ASSETS ACQUIRED PRIOR TO MID-2018, HAS FACED
CHALLENGES IN RECENT YEARS
    * EXPANDED STRATEGIC REVIEW SEEKS TO IDENTIFY EFFICIENCIES
IN
CATENA MEDIA'S EUROPEAN OPERATIONS
    * INTENTION IS TO FREE UP RESOURCES TO CAPITALISE ON GROWTH
OPPORTUNITIES IN  NORTH AMERICAN AND IN ASIA-PACIFIC AND LATIN
AMERICA
    * GROUP AIMS TO PURSUE ANNUALISED SAVINGS OF AT LEAST EUR 5M
IN
OPERATIONAL AND CAPITAL EXPENDITURES
    * COMPANY INTENDS TO PROVIDE AN UPDATE ON OUTCOME BEFORE END
OF
SEPTEMBER

Source text for Eikon:  ID:nWkr30KL5t 
Further company coverage:  CATME.ST 

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