Shareholders of Swedish EG7 offered to sell the company
One of the largest shareholders of the Swedish gaming holding EG7 is dissatisfied with the way things are going. Alta Fox appealed to the EG7 board of directors and recommended that alternative business development options, including the sale of the company, be immediately explored.
Alta Fox stated that it sees potential in EG7, but now the market value of the holding is lower than that of most public gaming companies. According to shareholders, his previous management is partly to blame for this.
Alta Fox also offered EG7 to re-list in the USA and start paying dividends on a regular basis.
EG7 has already responded to Alta Fox’s letter and said that they agree with many of the conclusions and proposals of shareholders. The representatives of the holding added that they expect significant revenue growth in the next five years.
