Brief: Fragbite Group Divests Playdigious For EUR 10.5 Mln In Cash Consideration

Fragbite AB (publ)

08/10/2025 08:18

Oct 8 (Reuters) - Fragbite Group AB (publ) FRAGBI.ST:

SAID ON WEDNESDAY FRAGBITE SIGNED AGREEMENT TO DIVEST ALL ITS SHARES IN SUBSIDIARY PLAYDIGIOUS

TO DIVEST FOR CONSIDERATION OF EUR 10.5 MILLION, CORRESPONDING TO ABOUT SEK 115 MILLION, ON A CASH-FREE, DEBT-FREE BASIS

SALE OF PLAYDIGIOUS HAS A SIGNIFICANT IMPACT ON THE ONGOING STRATEGIC REVIEW

DIVESTMENT FINALISATION ALLOWS FRAGBITE TO FINALISE NEW STRATEGIC PLATFORM, ADOPT NEW FINANCIAL TARGETS

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