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The latest update is out from Stillfront Group AB ( (SE:SF) ).
Stillfront Group AB has initiated a strategic review of certain group assets to maximize shareholder value, following the appointment of Alexis Bonte as President & Group CEO. The review aims to evaluate assets for potential divestment or discontinuation, focusing on reallocating resources towards scalable franchises and long-term growth opportunities. This strategic move is intended to strengthen the group’s market position without affecting the previously announced cost savings program. Financial advisors Carnegie (DNB) and Aream have been appointed to assist in this process, with updates to be provided in accordance with regulations.
More about Stillfront Group AB
Stillfront Group AB is a global games company headquartered in Stockholm, Sweden, known for developing digital games played by nearly 42 million people monthly. The company offers a diverse portfolio of games, including well-established franchises like Big Farm, Jawaker, and Supremacy, as well as niche games across various genres. Stillfront operates in major markets such as the US, Japan, MENA, Germany, and the UK, and its shares are listed on Nasdaq Stockholm.
Average Trading Volume: 1,550,867
Current Market Cap: SEK2.77B
Learn more about SF stock on TipRanks’ Stock Analysis page.