UK's Amigo says exploring deals after failing to secure financing
17/10/2023 08:22
Oct 17 (Reuters) - Struggling British subprime lender
Amigo Holdings AMGO.L said on Tuesday it was exploring
transactions, including buying early stage businesses of a music
streaming service, to deliver "some small value" to
shareholders.
The company, which is winding down after failing to raise
sufficient funds, said it was "effectively not possible" to
secure new financing and that the proposed transactions it was
exploring would "potentially deliver some longer term value to
existing shareholders".
(Reporting by Hani Kollathodi and Yadarisa Shabong in
Bengaluru)
((Hani.Kollathodi@thomsonreuters.com;))