This realignment of the business reflects Catena Media's belief that stable, regulated markets offer the best framework for long-term engagement and sustainable growth over time. The group also announced in August 2023 that annualised cost savings of around EUR 3.8-4.2 million would be achieved within the scope of the review, largely through streamlining support functions in the group's European operations. These proceeds will strengthen Catena Media's balance sheet and enable significant debt repayment. Once the proceeds have been fully received, the divestments executed as part of the review will raise a total of approximately EUR 76 million, as shown in the table below. The review has streamlined the business and increased the operational focus on stable, regulated markets, primarily in the Americas. Catena Media plc has, with the sale of the group's Italian casino and sports betting assets communicated separately today, completed the strategic review that was initiated in May 2022.
