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Stillfront Group Initiates Strategic Review to Enhance Shareholder Value

Story Highlights
  • Stillfront Group AB is conducting a strategic review to maximize shareholder value.
  • The review focuses on reallocating resources towards scalable franchises and growth opportunities.
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Stillfront Group Initiates Strategic Review to Enhance Shareholder Value

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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.

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