logo-loader
viewCentralnic Group PLC

CentralNic says currently engaged in advanced discussions regarding potential acquisition of Team Internet

Team Internet is a Munich-based business which is a subsidiary of Matomy Media Group Ltd

Centralnic Group PLC -
CentralNic said further announcements will be made in due course if appropriate.

CentralNic Group PLC (LON:CNIC) has confirmed that it is currently engaged in advanced discussions regarding the potential acquisition of Team Internet AG, which may or may not lead to a transaction being completed.

The global internet platform made the confirmation in a brief statement, released after the London close on Thursday, saying it was aware of speculation in relation to the potential acquisition.

CentralNic, which derives revenue from the subscription sales of domain names and web services, pointed out that Team Internet is a Munich-based business which is a subsidiary of Matomy Media Group Ltd (LON:MTMY).

The AIM-listed company said further announcements will be made in due course if appropriate.

In early trade on Friday, CentralNic shares held steady at 47.50p on Thursday.

 -- Updates share price --

Quick facts: Centralnic Group PLC

Price: 59 GBX

LSE:CNIC
Market: LSE
Market Cap: £107.26 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Centralnic Group PLC named herein, including the promotion by the Company of Centralnic Group PLC in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

CentralNic Group PLC set to double in size with KeyDrive acquisition

Ben Crawford, chief executive of CentralNic Group PLC (LON:CNIC), tells Proactive's Andrew Scott they've entered into a conditional agreement to acquire the entire share capital of KeyDrive. The initial consideration is US$35.8 million, representing an enterprise value of US$44.5 million,...

on 16/7/18

2 min read