“We continually review our asset base to ensure that we are only holding assets that both contribute to our long-term strategy and will maximise value for our shareholders. As a business, our relatively limited exposure in the Baltic region means that the region is not one of our core or growth markets where we prioritise our investments.”
Janis Tregers, co-founder and head of Latvia board, said:
“We launched in 2012 as 11.lv, and in 10 years, have built a market-leading position in Latvia. In 2018, we sold 75% of the business to Mr Green at an enterprise value of €3.7 million, and this transaction to sell the entire business for a valuation of up to €28 million reflects the hard work of our team across the business resulting in significant value creation.”
Christer Fahlstedt, CEO of Paf, said:
888 Sells Latvian Operations in €28.3 Million Deal 888 Sells Latvian Operations in €28.3 Million Deal
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